MYX Finance Breaks From Bitcoin’s Shadow - 48% Price Surge Imminent

MYX Finance just pulled off the ultimate crypto independence move. While Bitcoin stumbles, this DeFi protocol charts its own course.

Decoupling Dynamics

The correlation metric that trapped altcoins for years finally cracks. MYX's trading volume spikes as Bitcoin dominance wanes - traders flock to assets with actual utility rather than digital gold narratives.

Technical Breakout Confirmed

Price action screams momentum shift. The 48% recovery target isn't hopeful speculation - it's the measured move from confirmed support levels. Resistance zones crumble as buying pressure intensifies.

Institutional Whispers

Smart money positions accumulate during Bitcoin's sideways chop. While traditional finance debates ETF flows, DeFi natives stack positions in protocols building real infrastructure.

The herd chases Bitcoin's halving cycles while alpha generators ride correlation breakdowns. Sometimes the biggest gains come from ignoring the king.

MYX Finance Is Still Running Strong

The Relative Strength Index (RSI) shows that bullish momentum in MYX remains intact despite the heavy decline. The indicator continues to hold above the neutral 50.0 mark, signaling resilience. This strength suggests that even with volatility in the broader market, MYX is positioned to stage a recovery.

For the past several days, MYX has hovered above this threshold, resisting deeper bearish pressure. This steady performance highlights investor confidence in the altcoin’s medium-term prospects. Should this positive momentum be sustained, MYX could be among the few tokens that can decouple from negative macro market conditions and post gains.

Sign up for Editor Harsh Notariya’s Daily crypto Newsletter here.

MYX Finance is also showing divergence from Bitcoin, which could play a decisive role in its price trajectory. The correlation between MYX and bitcoin has slipped to 0.46, indicating weakening dependency on the crypto king’s moves. This decoupling is significant given Bitcoin’s recent struggles.

If the correlation declines further and turns negative, MYX could chart its own course independent of BTC’s bearish momentum. Such divergence has historically benefited altcoins with strong fundamentals, allowing them to recover even as Bitcoin consolidates or dips further. MYX may be heading into that scenario.

MYX Price Establishes Crucial Support

MYX is currently priced at $9.03, holding just above the critical $8.90 support. The altcoin’s decline came after failing to breach its all-time high of $19.98, leaving it nearly halved in value. Holding above $8.90 will be essential for recovery attempts.

If the bullish signals play out, MYX could rebound from support and break through resistance at $10.54. Clearing this level WOULD open the path toward $14.04, helping the token erase much of its recent 48% decline. Strong demand will be key to sustaining this move.

However, downside risks remain. If investors withdraw support, MYX could slip below $8.90 and extend its decline toward $7.00 or lower. Such a MOVE would invalidate the bullish thesis and place the altcoin back into a heavy downtrend.