MYX Finance Soars 41% Today—Why Are Traders Already Bracing for a Crash?
MYX Finance just ripped higher by 41% in a single session—but the mood among traders is anything but celebratory.
Behind the Pump
A surge like this doesn’t happen in a vacuum. Market momentum, speculative inflows, and a bit of classic crypto FOMO are likely propping up the move. Yet seasoned players know: what goes up fast often comes down faster.
Whispers of Instability
Options activity and derivatives markets hint at growing unease. Open interest is climbing, but so are protective puts—a sign smart money is hedging against a reversal. After all, in crypto, green candles can turn red before you finish your coffee.
Macro Jitters & Tokenomics
Broader uncertainty isn’t helping. Regulatory murmurs, liquidity shifts, and that age-old crypto habit of overleveraging leave MYX exposed. Even with strong protocol metrics, tokenomics can’t always defy gravity.
So—is this a breakout or a breakdown waiting to happen? One thing’s certain: in a market where “fundamentals” sometimes just mean “the number went up,” today’s rally could be tomorrow’s rug pull. Typical finance—just with more memes and less paperwork.
MYX Finance Traders Switch Stance
The MYX funding rate recently dropped to its lowest point this week as traders placed short contracts against the token. Many were anticipating a saturation point followed by a reversal, expecting the altcoin to lose momentum after its latest price surge.
However, the decline in funding rates did not produce the anticipated correction. Instead, shorts traders were hit with liquidations as MYX kept climbing. This development is likely to neutralize bearish sentiment in the NEAR term.
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The squeeze momentum indicator is currently flashing a strong bullish signal, suggesting that MYX’s rally has more fuel. The green bars on the indicator highlight a squeeze release, which often coincides with extended upward moves. Momentum continues to strengthen rather than fade.
This technical backdrop indicates that MYX Finance is resisting short pressure and also building the groundwork for additional growth. As long as capital inflows remain intact, the altcoin could maintain its bullish trajectory and reclaim lost ground from recent corrections.
MYX Price Will Make It To The ATH
At the time of writing, MYX Finance is trading at $16.17, up 41% in the last 24 hours. The sharp surge has pushed it within striking distance of its all-time high at $19.98, which was set last week.
To revisit this level, MYX must first hold its support at $14.46. A successful bounce from this zone WOULD set the stage for another run toward $19.98, with potential upside extending as high as $22.00.
Conversely, if investors decide to lock in profits, the bullish outlook could weaken quickly. A dip below $14.46 may expose MYX to further declines. This will potentially drag the price down to $11.52 and invalidate the current bullish structure.
