MYX/USDT is currently trading around $0.062, down -45% in the last 24 hours.
Can it bounce back to $0.12 in the next 1โ2 days? Letโs break it down ๐
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๐ Technical Analysis:
โ RSI (Oversold Zone):
4H RSI is around 28 โ Oversold, bounce possible
โ Support Level:
Strong support near $0.05936
โ ๏ธ EMA Indicators:
Price is trading below EMA 9, 21, and 50 โ Still in a downtrend
๐ MACD:
Still negative and showing no clear bullish reversal
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โ Forecast for the Next 1โ2 Days:
๐ซ A jump to $0.12 is highly unlikely unless major news, hype, or volume spike occurs
โ Possible Short-Term Bounce Targets:
$0.066
$0.071
Strong resistance at $0.08
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๐ Strategy:
๐น If you're already holding, consider taking partial profits near $0.066โ$0.071
๐น If you're planning to enter, wait for a confirmed breakout above $0.071 with strong volume
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โ ๏ธ DYOR โ This is not financial advice, just a technical perspective.
Follow for more real-time analysis and honest insights! ๐๐