MYX Finance – Can It Hold Above $10 Through Q4? The Bull Case Unpacked

MYX Finance defies market gravity—pushing past the $10 threshold as institutional money floods DeFi's next frontier.

Breaking Down the Momentum

No fluke—this rally's built on real protocol growth, not just hype. Trading volume's surging, liquidity's deepening, and the tokenomics are finally clicking for long-term holders.

The Q4 Make-or-Break

All eyes are on whether MYX can consolidate above that psychological $10 line. History says altcoins love a good dump after a pump—but this isn’t 2021 anymore. Smart money’s stacking, not flipping.

In a space where 'fundamentals' sometimes means 'whose tweet went viral,' MYX’s steady climb feels almost suspiciously rational. Maybe that’s the real revolution.

Key Takeaways

What’s next for MYX Finance’s price?

The altcoin could remain range-bound unless a strong catalyst shows up. 

Can traders still benefit from MYX Finance? 

Yes, swing traders can target the range high and low for opportunities if the consolidation extends. 

MYX Finance [MYX] has consolidated its recent gains above $10 after a recent, massive 4x upswing. In fact, a recent AMBCrypto report had projected that late bulls could push for an extra 80% gains if they defend the $10-level. 

Indeed, the $10 support was held, and the extra profit was made. However, the latest bullish Fed rate cut didn’t trigger a price rally higher above $18.

As expected, this raises an important question – Will the altcoin remain range-bound until Q4?  

Will the price range extend itself?

Source: MYX/USDT, TradingView

Over the last 12 days, MYX has been oscillating between $10 and $18, offering swing trading opportunities.

If the sideways structure extends for the next two weeks, then the press time price weakness NEAR $18 could offer a shorting opportunity. Especially if BTC also drops or enters a consolidation range too. 

In such a case, the take-profit target WOULD be $10. The declining trading volume, as shown by the downsloping OBV, further hinted at potential price momentum weakness. 

Source: MYX’s OBV, TradingView 

However, the thesis will be invalidated if MYX decisively moves above $18 and turns it into a firm support.

In such a scenario, an extended uptrend towards $28 could be more feasible. This might be confirmed by a bullish breakout from the OBV channel. 

Will the pullback ease at $14 or $10?

Here, it’s worth pointing out that the liquidation heatmaps revealed lower pockets of liquidity at $15, $14, and $10. Simply put, these levels could be crucial magnets and likely price floors in case of a pullback.  

Source: CoinGlass

So, partial shorting profits could be taken at $14-$15, and the rest scooped up at $10. This could help avoid round-tripping the gains if the price sharply reverses to $18 (a key upside liquidity). 

Overall, MYX could extend its consolidation above $10, making the range levels crucial targets for trading opportunities. However, a sharp MOVE above $18 would invalidate the sideways projection. 

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion