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This shift highlights growing bullish interest and suggests buyers are beginning to dominate short-term market dynamics.
Similarly, the Bull Bear Power (BBP) sits well above zero at 0.44, confirming the expansion of green histogram bars.
A positive BBP reading indicates that bulls have pushed price action above the asset’s baseline trend, reinforcing the upside momentum behind MYX’s price surge.
A close above the current resistance zone could trigger a continuation toward the next psychological target at $4.00.
Open Interest Spikes
Beyond the technicals, MYX’s derivatives show similar bullish momentum.
At press time, MYX’s open interest (OI) has surged by 49.68% in the last 24 hours, indicating a significant increase in trader participation and market confidence.
This rising open interest is also supported by a sporadic 257% surge in trading volume.
With traders actively piling in and momentum indicators aligned, MYX crypto appears well-positioned to continue its upward trend.
If this happens, the altcoin could potentially test and surpass its previous all-time high in the coming days.
MYX Price Analysis: Breakout Ahead
On the daily chart, MYX is pumping toward its all-time high. Its Money Flow Index (MFI) sits at 71.11, approaching the overbought region at 80.
Buyers maintain strong momentum, suggesting that MYX Finance’s price could continue to rally in the coming days.
An MFI this strong signals sustained capital inflow, showing traders are actively accumulating rather than exiting positions.
Meanwhile, the Awesome Oscillator (AO) is printing multiple green histogram bars in positive territory, confirming bullish momentum.
As buyers continue to dominate, the AO’s positive bars signal strengthening upward momentum, reinforcing the likelihood of MYX Finance’s price breaking through its previous resistance.
The Fibonacci retracement levels provide clearer insights into MYX’s next price trajectory.
At press time, the token is trading at $2.81, trending toward the 0.786 Fib level at $3.80, which could act as a short-term target for the ongoing rally.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
