The post Why MYX Finance Price Up Today By 33%? appeared first on Coinpedia Fintech News

MYX Finance has emerged as one of the top-performing altcoins today, with the MYX Finance price jumping more than 33% to trade around $1

  • Also Read :
  •   ENSO Coin Price Explodes 100% in 48 Hours, Is This Just the Beginning?
  •   ,

MYX Trading Volume Surge 200%

MYX Finance price also saw a massive spike in trading volume. In the past 24 hours, MYX trading volume jumped over 200%, reaching approximately $311 million. High trading volume usually confirms strong investor participation and supports price momentum.

This surge in volume shows that both retail traders and institutional investors are actively trading MYX tokens.

MYX Finance Price Prediction

Looking at the MYX 4-hour price chart, it has broken out of its falling channel on the 4-hour chart, showing strong bullish momentum. MYX Finance price is now testing resistance near $1.73, if $1.20 support holds above.

Further, now all eyes are on today’s PCE data. If momentum continues, MYX could rally toward $2.00, especially if today’s U.S. PCE inflation data comes below the Now 2.8%. 

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQs

Why did MYX Finance price surge today?

MYX Finance jumped 33% due to new funding, strong derivatives activity, and growing investor interest ahead of its platform upgrade.

How did Consensys funding impact MYX Finance?

Funding from Consensys boosted credibility and investor confidence, increasing demand for MYX tokens before the MYX V2 upgrade.

Is MYX Finance a good investment after the rally?

While the recent funding from Consensys and V2 upgrade news are positive signs, investors should watch for support at $1.20 and wait for confirmation of sustained momentum before investing.