MYX Finance [MYX] has recently defied the broader cryptocurrency market downturn, exhibiting significant strength and upward momentum. This independent surge has captured the attention of investors, showcasing a compelling narrative of resilience amidst widespread declines.
MYX's Impressive Market Resilience
MYX Finance has demonstrated remarkable relative strength, rallying 10.7% in the past 24 hours. This surge was accompanied by a nearly 40% increase in daily trading volume. This performance stands in stark contrast to Bitcoin's 2.29% decline and the altcoin market's 2.97% shed. The asset's 1-day chart revealed a bullish structure shift in December, followed by sustained bullish continuation that pushed prices above the $3.7-$4.0 supply zone previously acting as resistance since October 2025. The strong uptrend has been consistently captured by the 20 and 50-period moving averages, with MYX successfully defending the 50 DMA over the weekend before bouncing higher. Since early January, MYX has established a range formation between $4.58 and $7.30, with the 50DMA at $4.63 providing strong confluence with recent range lows, explaining the recent price bounce.
Future Trajectory and Strategic Entry Points
Looking ahead, the liquidation map suggests potential for a retracement due to significant long leverage concentrated around $4.58-$4.62. This indicates a possibility of MYX revisiting this liquidity cluster. Conversely, substantial short liquidation leverage is noted up to $6.45, hinting at potential upward targets. Lower timeframe traders are advised to look for a sizeable retracement for buying opportunities. Ideal entry points for long traders are identified between $4.9-$5.1, while a retest of $4.58 remains a distinct possibility, aligning with liquidity insights.
Concluding Thoughts
MYX Finance token has clearly shown exceptional relative strength against the wider market, recovering nearly 23% from its $4.63 local low. While its short-term upward momentum is robust, the longer timeframe chart also establishes a clear range formation, with the upper extreme at $7.3, defining key levels for future movements.
