The token MYX Finance [MYX] gained 10.7% in the last 24 hours, significantly outperforming a declining broader market. Bitcoin fell 2.29%, while the altcoin market dropped 2.97%. The rise was accompanied by a nearly 40% increase in daily trading volume. Analysis indicates MYX has entered a range between $4.58 and $7.30 and recently bounced higher after defending a key technical level.
The cryptocurrency MYX Finance demonstrated notable resilience amidst a market downturn. Its price rallied 10.7% over 24 hours, with a corresponding surge in trading volume, while Bitcoin and the wider altcoin sector posted losses.
On-chain data from CoinGlass highlights significant long leverage clustered around the $4.58-$4.62 price zone. This suggests the token could revisit this liquidity area in the near term.
The 1-day chart reveals a bullish structure shift that began in December. Buyers subsequently pushed prices above a key supply zone that had acted as resistance since October 2025.
Since the first week of January, MYX has been trading within a defined range. Technical analysis shows the range lows have confluence with the 50-day moving average, which recently supported a price bounce.
Lower-timeframe charts show strong upward momentum and a bullish structure. Lower timeframe traders can wait for a sizeable retracement to buy.
The report notes a range formation, with the upper range extreme at $7.3. MYX is up nearly 23% from a recent local low of $4.63.
Short liquidation leverage is also reportedly sizeable to the north, extending up to $6.45. This could influence future price movements as the market seeks liquidity.
