🚀 $MYX /USDT SKYROCKETS: Bulls Eye $8.80 After V2 Breakout! 📈
The decentralized derivatives market is witnessing a massive surge as $MYX (MYX Finance) gains serious momentum this January. Following its recent KuCoin listing and a successful 10M token airdrop, the project is proving to be a dominant force in the DeFi space.
📊 Technical Pulse (4H Chart)
Parabolic Growth: MYX has surged +19.29% in the last 24 hours, currently trading near $6.098.
Moving Averages: The price is firmly holding above the EMA(7) ($5.81) and EMA(25) ($5.52), confirming a strong bullish trend structure.
Overbought Alert: With an RSI(6) at 83.29, the asset is in overbought territory. A short-term consolidation or slight "cooling off" period may occur before the next leg up.
Bullish MACD: The MACD shows increasing green histograms, signaling that buying pressure is still very much in control.
⚡ Strategic Trade Setup
🟢 Long Setup (Trend Following)
Entry Zone: $5.75 - $5.90 (Wait for a retest of the EMA 7 support).
Target 1: $6.50 (Immediate key resistance).
Target 2: $8.80 (Major breakout level for Q1).
Stop Loss: Below $5.45 (Protects against a trend reversal).
🔴 Short Setup (Counter-Trend Scalp)
Entry Zone: $6.30 - $6.40 (Near the recent 24h high).
Target: $5.80 (EMA 7 retest).
Stop Loss: Above $6.60.
🌟 Why the Hype?
The community is rallying behind the V2 Protocol Upgrade expected in Q1 2026, which introduces modular liquidity layers and a portfolio margin system to rival top-tier CEXs. Additionally, the planned expansion to Solana and Cosmos in Q2 is keeping long-term sentiment high.
Is MYX the next big DEX leader? 👇 Share your price predictions below!
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