【MYX Price Trend Analysis】

Candlestick Formation：

The daily level shows a continuous series of large bullish candles, with the price rapidly rising from a low of 0.39832 to the current 1.9344, forming a clear bullish trend.

Recently, the hourly chart has seen a sharp rise followed by high-level fluctuations and consolidations, with the 14:00 candlestick closing with a long upper shadow, indicating strong selling pressure above.

Technical Indicators：

The MACD on the hourly chart is near the zero line, with red bars shortening and momentum weakening; the daily MACD continues to expand, with bulls still in control.

The RSI on the hourly chart is around 62, not entering the overbought zone but close to the critical value; the daily RSI has long been maintained in the overbought area, indicating a strong upward trend.

The EMA on the hourly chart for 7, 30, and 120 periods shows a bullish arrangement, with EMA7 providing effective support; the daily EMA lines are far from the price, indicating a potential demand for correction in the short term.

Trading Volume：

The daily trading volume has significantly increased, reaching 14,738,178 and 3,944,586 on August 5 and 6 respectively, with noticeable capital inflow.

The hourly trading volume is gradually shrinking, indicating a cooling market sentiment with frequent turnover at high levels.

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