$MYX has recently experienced significant fluctuations, with a surge of 130% to 2.09 at the beginning of August, followed by a drop back to around 1.73. The current price is fluctuating between 1.69 and 1.95.
This is mainly due to being listed on major exchanges like Binance, along with partnerships with instant messaging software, leading to an increase in users and subsequent speculation. However, technical indicators show that the rise was too rapid, with the RSI reaching 97 at one point like a balloon being inflated, and now it has dropped to 64 but is still somewhat hot. The MACD momentum is weakening, and in the short term, it may need to adjust to around 1.5.
From a medium to long-term perspective, the ecological integration looks good, and the collaboration with chat software is beneficial, with a strong team background. If growth can be maintained, it might reach 6 by the end of the year. In the short term, it is advised not to rush into buying high; wait for it to stabilize at 1.95 before entering, or try a small short position. In the medium to long term, keep an eye on ecological expansion and signals of institutional entry.
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