MYX Price Eyes $26 as Breakout Sparks Bullish Momentum
MYX shatters resistance levels as bullish momentum accelerates toward $26 target.
Technical Breakout Confirmed
The token's decisive breakout pattern signals potential for sustained upward movement, catching many short-term traders off guard. Volume spikes accompany the price surge, indicating genuine institutional interest rather than retail FOMO.
Market Psychology Shift
Traders who missed the initial move now face the classic dilemma—chase momentum or risk missing further gains. The $26 level represents not just a technical target but a psychological barrier that could trigger profit-taking or further acceleration.
Remember—in crypto, every 'sure thing' comes with the fine print nobody reads until it's too late.
The MYX price has surged nearly 75% this week, climbing to $17.40 and approaching its $19.19 all-time high. With shorts being liquidated and leverage building NEAR $19, traders now eye the possibility of MYX price today extending toward $26 as bullish momentum accelerates.
Breakout From Falling Channel Lifts MYX Price
On the 4-hour MYX price chart, the token recently broke out of a falling channel pattern, igniting a wave of fresh buying pressure.
The MOVE followed a sharp dip near $11 this weekend, where market liquidity was swept and weak hands were shaken out. That liquidity grab allowed traders to reposition with new longs, fueling the breakout.
Moreover, the chart shows that this week alone, MYX posted a 75% gain, while intraday gains reached 52%. This confirms that strong bullish momentum has returned to MYX crypto.
That said, if the current trend sustains. Then the initial target at $20 remains in focus, and flipping that level could open the door to the $26 mark in the coming sessions.
Liquidation Cluster at $19-$20 Becomes Price Magnet
Data from Coinglass indicates that the $19-$20 range holds the highest concentration of Leveraged positions, effectively becoming a magnet zone for price action.
As price approaches this area, ongoing liquidations of short positions could accelerate upside pressure, creating a short squeeze scenario.
This chart firmly aligns with the broader MYX price forecast that sees the breakout rally extending.
Once $20 is breached, traders suggest momentum could quickly carry MYX price USD to fresh highs, possibly setting up a new record above $26.
Exchange Token Narrative Adds Fuel to Rally
Importantly, this surge is not solely driven by speculative longs. MYX is benefiting from the ongoing exchange token rally this altseason, where platforms offering leveraged trading have seen rising adoption.
MYX, being an exchange token itself, is capitalizing on this trend through aggressive market pair listings and high-leverage offerings.
Recent examples highlight this growth strategy. On September 5th, MYX listed WLFI/USDT, which triggered a sharp market reaction.
We’re glad to announce that $LINEA is now listed on MYX Finance following @LineaBuild’s successful TGE.
Trading Pair: LINEA/USDTLeverage: Up to 50×Trading Starts: September 15st, 14:00 (UTC)
https://t.co/ynnUafsoDk pic.twitter.com/vMoDCrFTF5
It followed up with RHEA/USDT, and most recently added LINEA/USDT on September 15th, which helped spark this week’s breakout.
The expanding trading options have driven higher liquidity and user activity, reinforcing the bullish backdrop for MYX price prediction models.
