MYX is currently trading near $0.98 after recording a decline over the last few hours. Today's price movement ranged between $0.94 - $1.15, reflecting a clear drop but without strong buying or selling momentum.
Technical Indicators:
RSI leans towards neutrality with a slight downtrend; traders are not very active currently.
The MA price is close to the short-term average, indicating a temporary balance state.
MACD shows weakness in buying momentum, and the trend remains closer to a decline.
Support and Resistance Levels:
The first support at $0.94, breaking it may open the way towards $0.90, and the second support at $0.90 is a critical level; breaking it reinforces the negative scenario.
The first resistance at $1.05, breaking it gives a push towards the upside, and the second resistance at $1.15 is a key level to confirm the positive trend.
Forecasts
If it holds above $0.94, we might see a gradual rebound attempt towards $1.05 - $1.15. However, if it breaks below $0.94, the decline may extend to levels of $0.90 or possibly lower.
In summary, MYX is currently in an important testing area, and liquidity is somewhat weak. The short-term trend leans towards neutrality with a slight downtrend, and any break below $0.94 will be a negative signal.
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