MYX Finance Price Rallies 78% in 3 Days, Then Drops 27%—Who Is Selling?

Since the start of the month, the crypto markets have been up with a significant margin. Ahead of Bitcoin and Ethereum, the XRP price surprised with a double-digit rise and flipped BNB to become the 4th largest crypto. On the other hand, the memecoins like DOGE & PEPE are also gaining strength

The short-term price action suggests an increased MYX price, as the buying volume is almost similar to the selling volume. This suggests the traders have booked the profit, and this may unfortunately keep up the bearish trend. The stochastic RSI is depleting, while the short-term MACD shows a pause in the rising buying pressure. Moreover, the levels are heading for a bearish crossover that may further drag the levels lower. This could compel the price to test the support at $4.61, but a rebound could depend on the strength of the bulls and the volume induced.

Will MYX Finance Reach $10?

A move to $10 for MYX Finance is possible but not imminent. After a 78% rally and a sharp 27% pullback, it has shifted into a cooling phase, not a continuation move. For $10 to come into play, the MYX price must first reclaim and hold above the $4.00–$4.50 zone with steady volume and follow-through. In the near term, consolidation is more likely than a straight push higher. A $10 target would require multiple confirmed breakout phases and supportive market conditions.

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