MYX skyrocketed 300 times! Dual drivers of technical and news aspects, how to seize the opportunity?
Technical core: Current price is $16.57, support level is $16.00, resistance level is $17.30. MACD shows a current sell signal, but the lower band of the Bollinger Bands provides support, and the Fibonacci 50% retracement level has been broken, leaving limited space for a pullback.
News highlights:
After Binance Alpha launched in May, it skyrocketed 300 times to $14.03 in 3 months, with a daily contract trading volume reaching $6.3 billion, leading in liquidity.
The "no-sense trading" feature solves the pain points of DEX operations, attracting over 170,000 users and generating over $5 million in monthly revenue.
Top institutions backing it, ecosystem expanding to cross-chain and permissionless listing of long-tail tokens, TVL exceeding $31 million, and trading volume breaking $10.3 billion in 30 days.
Cai Jie’s opinion: Technological innovation + ecosystem expansion + influx of funds, a pullback is an opportunity to increase positions.
The skyrocketing of MYX is not the endpoint, but a new starting point for on-chain democratization; entering now may seize a hundredfold opportunity!
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