The short-term structure suggests MYX is attempting a mild rebound after stabilising inside a falling channel, but momentum remains fragile. Price continues to struggle below the descending resistance and the prior supply zone near $3.30–$3.40, where sellers have repeatedly stepped in. The Stochastic RSI is curling lower and nearing a bearish crossover, hinting that upside momentum is fading before a clean breakout can occur.
At the same time, Bollinger Bands are tightening, signalling that a volatility expansion is approaching. Without a clear volume spike, MYX risks drifting back toward the channel’s midline or lower band rather than sustaining a breakout.
The Bottom Line
Since the start of the month, MYX Finance’s price has trended higher and attracted renewed market interest. However, price continues to struggle within the $6.79 to $7.46 resistance band. This zone now stands as a decisive barrier. A sustained move above it could shift short-term structure firmly in favor of the bulls.
At the same time, volatility is tightening, hinting that a larger move may be approaching. Whether the CPI-driven bounce evolves into a sustained breakout will likely depend on how the price reacts near this critical resistance range.
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