🚀 Is $MYX recovering? Technical analysis and projections – #WriteToEarn
The coin $MYX (MYX Finance) has been a protagonist for its spectacular rise in August, along with its recent technical bounce. Are we facing a sustainable recovery or just a temporary correction?
ℹ What is MYX Finance?
MYX Finance is a non-custodial DEX for perpetual futures, famous for its Matching Pool Mechanism (MPM), which optimizes liquidity and efficiency in operations. Additionally, it offers cross-chain trading and low fees — starting from 0.01 % — with staking and governance features.OKXCryptonewsCoinMarketCap
📈 Latest news and technical analysis
In August, $MYX skyrocketed more than 300 %, reaching an all-time high close to $2.09.99BitcoinsCoinMarketCapCryptonews
After a massive post-unlocking sale by Hack VC (445 K tokens), the price fell by 58 %.CoinMarketCap+1OKX
Currently, the price is near $1.20, with technical bounce signals:
MACD shows a bullish crossover.
RSI came out of oversold (current ~49).
Key support: $1.18; resistance at $1.30 – $1.40.CoinMarketCap
Rumors of a V2 update and functionality improvements add bullish potential, but fear of future organized sales remains latent.CoinMarketCap+1
💬 Community debate
On Reddit, there are historical voices of distrust related to the project, although many date back to 2020. For example:
“I found evidence that the creator of MYX is a guy called SpyderZero… went to ZERO… GET OUT WHILE YOU CAN.”Reddit
“Stay away from this shit.”Reddit
Although those warnings are old, they resonate among investors who prioritize caution over hype.
Strategy for attentive traders
Suggested entry zone: Between $1.18 – $1.30, with stop-loss below $1.15.
If it breaks $1.40, it could look for the zone of $1.60 – $1.80.
But beware: new unlocks or institutional sales could press down again.
