MYX Finance Climbs Over 5%, Stalls Below Intraday High: Will Bulls Regain Momentum?

Source: CryptoNewsNet Original Title: MYX Finance Climbs Over 5%, Stalls Below Intraday High: Will Bulls Regain Momentum? Original Link:

Price Performance

MYX Finance, a decentralized finance (DeFi) protocol, is standing out with a quiet surge of over 5.5%, trading around $5.43. The token reached an intraday high of $5.54 earlier today, making it the second-highest gainer among the top 100 cryptocurrencies, even amid a cautious market background.

Meanwhile, its 24-hour trading volume is declining, down by more than 8%, reaching $14.03 million. The token is trading down over 71% from its September 2025 all-time high at $19.01, while its market cap stands at $1.36 billion.

Chart Analysis

Analyzing the 24-hour chart, the price shows an upward intraday trend after an early dip. MYX started around $5.13–$5.15 and then steadily climbed to a peak near $5.54. This intraday high could act as an immediate resistance.

A clear break above that with strong volume could target $5.60–$5.65 as the next upside zone. On the downside, the token is holding above key support levels at $5.35 and $5.30, whereas a drop below that could test the $5.20 or even $5.00 zone.

Technical Outlook

The Moving Average Convergence Divergence (MACD) line crossing below the signal line indicates a bearish presence, signaling that momentum is negative and the current trend may not continue unless the bulls rise.

The Relative Strength Index (RSI) is in the neutral zone at 58, signaling that MYX Finance is neither overbought nor oversold, suggesting there is no definite short-term directional trend.

Bull Bear Power (BPP) is at 0.2207, which is somewhat bullish but shows weak momentum, indicating sideways movements between $5.35 and $5.50, unless it breaks above the intraday high, which could trigger a bullish surge.