Let's take a look at MYX's trend; this wave of market activity is quite exciting!
The price initially experienced a strong surge, breaking through the key level of 0.9780, directly gaining nearly 100 points, with trading volume also exploding. Market sentiment was instantly ignited, and signs of large capital movement were very evident.
However, after the peak, there was a quick decline, pulling back 40 points, with a rapid selling rhythm that clearly had elements of a trap. It is very likely that the main force is washing out the positions, taking the opportunity to shake out retail investors who chased after the highs.
Nevertheless, the price quickly rebounded to 0.83439, showing signs of support at the bottom. The MACD and PFR indicators are warming up simultaneously, and buying power is quietly accumulating, with obvious signs of capital replenishment.
Overall, the previous surge may have been driven by positive news or speculative sentiment, and the sharp drop is a technical washout or a behavior of the main force controlling the market, while the current halt and rebound may just be the brewing stage for a new wave of market activity.
