📈 MYX/USDT Daily Analysis — Momentum Strong, Eyes on $2.35?
MYX is currently trading at 1.7516 USDT, up +4.61% on the day. After a strong rally, price is holding above key levels, with momentum indicators still favoring bulls.
🔍 Trend & Structure:
- EMA(34): 0.61839 — price is significantly above, confirming a strong uptrend.
- Key Levels:
- Resistance: 1.96395 → 2.35555
- Support: 1.45718 → 0.95040
Price is approaching the 1.96–2.35 resistance zone. A breakout above 2.35 could trigger a new leg higher.
📊 Momentum Indicators:
- MACD: Bullish (DIF 0.42513 > DEA 0.27558, MACD 0.14955)
- RSI(6): 83.74 — extremely overbought
MACD shows strong momentum, but RSI above 80 suggests caution — a short-term pullback or consolidation is likely before continuation.
🔧 Volume & Participation:
- Volume: 195M — solid interest
- MA(5): 630M
- MA(10): 2.49B
Volume is strong, supporting the trend, but watch for signs of exhaustion if price stalls near resistance.
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⚖️ Summary:
- ✅ Trend: Bullish above EMA(34)
- ⚠️ RSI: Overbought — possible short-term pause
- 🔍 Watch for breakout above 1.96–2.35 or pullback to 1.45–1.60 zone
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