myx

This week the crypto market moved in a rough way. Big coins went down and came back up many times. Bitcoin fell under a key level and then tried to recover. Ethereum also moved in the same pattern. Most of the market stayed weak as many people pulled away from risky trades. Still a few strong chains showed good gains and surprised many traders.

The biggest winner this week was MYX Finance. It went up seventeen percent and reached a price close to three dollars. This is the fifth week in a row where MYX closed green. The rise did not look like a short move. MYX has been moving up for more than a month and has made higher highs on the weekly chart. It has also broken past strong price levels. This shows a clear strong trend. Many traders think that a clean move above three dollars looks close. Data also shows that many traders used leverage in this push. Even with that the chart still shows strong buyer power.

The next strong mover was Bitcoin Cash. It moved up eight percent and traded near five hundred eighty dollars. It has also made three green weekly candles in a row. But one thing to watch is the next big resistance level. This is the same level where Bitcoin Cash failed to break in October and then dropped down. If buyers hold the zone around five hundred sixty to five hundred eighty next week then a move to six hundred looks possible.

Chainlink came in third with a rise of almost seven percent. This move looks important because the price is sitting at a turning point. It has bounced for two weeks after a heavy drop in mid Q3. This can be the start of a stronger recovery. One big buy from a large holder also helped the mood. Selling pressure looks weaker now and that gives Chainlink a chance for a clear move up.

Some other coins outside the main list also did very well. One coin jumped more than two hundred percent. Another coin went up one hundred eighty seven percent. One more reached almost double in value. These huge moves came during a week when most coins stayed flat or fell.

On the losing side Canton was the biggest dropper. It fell twenty five percent. The chart shows a strong downtrend with three lower lows in a row. Even a small bounce in late November did not hold. Sellers are still strong and buyers are not showing real demand. Many traders are also using high risk trades which can push the price lower. Without real buying power Canton may fall again.

Zcash was the next big loser with a drop of nineteen percent. This comes after a huge rally earlier in the year. Now many holders are taking profit. The chart shows three strong red weeks. This looks like a normal cool down after a big run.

Morpho also saw a fall of fifteen percent. Buyers tried for a long time to push the price up but could not break key levels. Now sellers are getting control and the price is close to the one dollar zone. If buyers do not show up the price may fall toward zero point eight.

This week was full of fast moves both up and down. Some coins showed strength even in a weak market. Others fell hard. As always traders need to stay aware do simple checks and handle risk with care.
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MYX has been moving up slowly for the past few weeks and that has brought some hope back for buyers. From the November low near one point seven the price has climbed almost eighty percent. This rise has pushed MYX close to the three point two area and many traders are watching this level because it could decide the next move. A clear push above this line could open the way toward the five range later on. At the same time the market still remembers the strong drop from October so buyers are trying to stay hopeful but also careful.

On the daily chart MYX is still in a positive structure. The break in the trend came on the eighteenth of November and since then the price has been holding above important points. A high near three point four five acted as resistance last week. The main support on this chart sits around two point three. If MYX falls back it should find buyers at this level as long as the larger trend stays healthy. Even so the money flow is not strong. The CMF has stayed below zero since October and this shows that capital is still leaving the market. This is a sign of pressure from sellers even though price has moved higher. The momentum signal is only slightly above zero which tells us that the push from buyers is not strong yet.

On the one hour chart the story looks different. Here the structure is still leaning to the bearish side. The CMF sits near zero which means there is no clear control from either side. The momentum signal is below zero but has made a small bullish cross. This suggests that the negative push is slowing down. The price is now testing an old demand area between three point zero five and three point one five. This area is now acting as resistance and MYX needs to break above it to show real strength on this chart.

Traders are now asking which direction MYX will choose. The bearish route is less likely but it is still possible. In this path MYX would fail to push above three point one five to three point two and fall back toward two point seven and even two point three if selling pressure grows. This could happen if lower timeframes keep showing weakness.

The better setup is the bullish one. For this to happen MYX needs to move over the three point two line with strong buying at the start of the week. If this push happens traders can align their trades with the larger positive trend. After three point two the next areas to watch are three point four five and then the zone between four and four point two. These levels could act as future targets.

In simple terms MYX has shown a good rise but the market is still unsure. A clean move above three point two would lower the risk and offer a smoother path for buyers. If MYX fails at this point then the price could fall back again. For now the higher timeframe is still positive and traders are watching for a clear sign before making new moves.
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