📈 MYX/USDT Daily Analysis — Momentum Exploding, $2.35 Retest in Sight?
MYX is currently trading at 1.8459 USDT, up +8.55% on the day. After a strong rally, price is approaching the previous high of 2.35555, with momentum indicators still favoring bulls.
🔍 Trend & Structure:
- EMA(34): 0.74641 — price is far above, confirming a strong uptrend
- Key Resistance: 2.35555
- Support Zones: 1.45718 → 0.95040 → 0.44363
Price is moving aggressively, and the structure remains bullish as long as MYX holds above the 1.70–1.75 zone.
📊 Momentum Indicators:
- MACD: Bullish (DIF 0.45135 > DEA 0.33628, MACD 0.11507)
- RSI(6): 82.96 — extremely overbought
MACD shows strong momentum, but RSI above 80 suggests MYX may be due for a short-term pullback or consolidation before continuation.
🔧 Volume & Participation:
- Volume: 210M — solid interest
- MA(5): 253M
- MA(10): 2.21B
Volume supports the move, but traders should be cautious of exhaustion near resistance.
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⚖️ Summary:
- ✅ Trend: Bullish above EMA(34)
- ⚠️ RSI: Overbought — short-term caution
- 🔍 Watch for breakout above 2.35 or pullback to 1.70–1.45 zone
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