MYX/USDT is currently trading around $0.062, down -45% in the last 24 hours.
Can it bounce back to $0.12 in the next 1–2 days? Let’s break it down 👇
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🔍 Technical Analysis:
✅ RSI (Oversold Zone):
4H RSI is around 28 → Oversold, bounce possible
✅ Support Level:
Strong support near $0.05936
⚠️ EMA Indicators:
Price is trading below EMA 9, 21, and 50 → Still in a downtrend
📉 MACD:
Still negative and showing no clear bullish reversal
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❗ Forecast for the Next 1–2 Days:
🚫 A jump to $0.12 is highly unlikely unless major news, hype, or volume spike occurs
✅ Possible Short-Term Bounce Targets:
$0.066
$0.071
Strong resistance at $0.08
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📌 Strategy:
🔹 If you're already holding, consider taking partial profits near $0.066–$0.071
🔹 If you're planning to enter, wait for a confirmed breakout above $0.071 with strong volume
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⚠️ DYOR – This is not financial advice, just a technical perspective.
Follow for more real-time analysis and honest insights! 🚀📊