$MYX /USDT ✍️ 📊
Price is currently trading around $1.06 after a massive downtrend from the $6.9 region, showing a clear bearish market structure with continuous lower highs and lower lows.
After tapping the local bottom near $0.80, MYX has started a small relief bounce with rising volume, indicating short-term accumulation attempts.
🔎 Key Levels:
Support: $0.80 – $0.85 (strong demand zone)
Resistance: $1.30 – $1.50 (first major supply)
Major Resistance: $2.00+
📈 Scenario:
As long as price holds above the $0.80 support, a short-term bounce toward $1.30–$1.50 is possible. However, the overall trend remains bearish unless we see a strong reclaim of the $2.0 level.
⚠️ If $0.80 breaks, continuation toward new lows could happen due to weak structure and heavy prior sell pressure.
Volume spike on the recent bounce suggests traders are watching this zone closely — but confirmation needs higher highs and consolidation above $1.20.