$MYX
/USDT
Market Insight
Last Price: 16.665 USDT
24h Change: +50.08% — strong bullish momentum.
24h Range: 10.252 – 16.395 USDT — a very volatile move, indicating high interest and potential for continuation or pullback.
Volume: 571.23M USDT — high trading activity, supporting the strong price move.
Moving Averages:
MA(7): 13.3713 → currently price is above MA7, showing short-term bullish trend.
MA(25): 11.7632 → bullish trend sustained in mid-term.
MA(99): 11.5073 → long-term trend bullish.
Observation: Price is significantly above all key MAs, suggesting overextension. A short-term pullback or consolidation is likely before continuation.
Key Levels
Resistance: 16.9857 (recent high), 17.500 (psychological)
Support: 16.400, 15.5748, 14.1639 (recent consolidation zones)
Pivot: 16.428 (close to current mark price)
Entry Zone
Aggressive: 16.400 – 16.500 (near current price, for momentum traders)
Conservative: 15.800 – 16.000 (for safer risk-reward, wait for pullback)
Targets
17.000 – near all-time high resistance
17.500 – psychological round number
18.200 – extended bullish target if momentum sustains
Stop Loss
Short-term: 15.500 (below recent consolidation support)
Medium-term: 15.200 (below MA25 support for trend validation)
Pro Tip
Price is very bullish but also highly overextended from moving averages — consider scaling in positions rather than full allocation at once.
Watch for 15-16 USDT zone for strong support in case of pullback.
Monitor 24h volume — if it starts to decline sharply while price is at highs, a short-term retracement may occur.
#BNBBreaksATH #BNBChainEcosystemRally #BinanceHODLerAVNT #USBitcoinReserveDiscussion #FedRateCutExpectations