Recently, a dark horse has emerged in the shanzhai circle! MYX Finance (MYX) has directly entered 'frenzy mode', with prices rising over 13% and trading volume increasing by 20% in 24 hours, now reaching 38.66 million dollars, the hype is off the charts~

This wave of increase isn't just random; it's supported by solid data:

  • Trading volume skyrocketed: more and more people are entering the market to grab shares, after all, everyone loves coins with high liquidity, making buying and selling convenient and minimizing losses from slippage;

  • Open interest surged: the number of open contracts increased by 8.48%, now at 45.63 million dollars, indicating that people are not just taking small profits and running but are expanding their positions, with new funds continuously coming in;

  • Bullish pressure on bearish: The long-short ratio has surged to 1.79, with 64.22% of accounts being bullish. The big players are heavily invested in the bullish outlook, and there’s no one with more confidence than this!

The technical indicators are also extremely strong! MYX has directly broken through the previous downtrend and is now steadily above $3.03, while holding above the 50-day moving average — this is the 'break-even line' for short-term trends. Stabilizing here means bulls control the rhythm, making future increases more confident.

Looking at the liquidity distribution, it’s simply tailored for the rise: around $3.20 and $3.45, there is dense liquidity, like a 'price magnet.' As soon as it starts to rise, the bearish liquidation will push the price to accelerate; meanwhile, the selling pressure at $2.72 and $2.80 is particularly thin, so there’s no need to worry about a significant drop in the short term.

However, a reminder: leverage is currently high, and volatility will definitely increase. If the momentum weakens, there may be liquidation risks. But for now, the bullish momentum is strong, and as long as buying pressure doesn't ease, MYX is highly likely to surge towards $3.45!

In summary: MYX is now fully loaded with three buffs: 'trading volume + open interest + technical indicators.' The bullish atmosphere is intense, and if this momentum can be maintained, reaching $3.45 is not a dream~