MYX Finance’s Spectacular Surge, Up 60% in a Day!

Jakarta, Pintu News – Crypto markets were recently shocked by the dramatic 60% rise of MYX Finance’s native token, MYX, within 24 hours. After a tumultuous week of fraud allegations and price volatility, MYX is now trading above $17, close to its record high of $19.

These gains were supported by strong technical indicators, increased trading volumes, and a return of investor confidence, signaling the possibility of further price spikes.

Bullish Momentum Back in Action

MYX’s recovery began after a sharp drop earlier in the month, but recent price action suggests that buyers are back in control of the market. The Balance of Power (BoP) indicator currently stands at 0.87, which confirms bullish dominance. This metric reflects the strength of buying pressure versus selling pressure, and MYX’s uptrend suggests continued demand.

In addition, the Relative Strength Index (RSI) has risen to 71, indicating strong investor interest without reaching overbought territory. MYX’s trading volume, which increased by 153% to $400 million in a single day, reflects investor enthusiasm. This increase coincided with a 6% rise in futures open interest, which now totals $208 million.

An increase in open interest usually signals an influx of new capital into the market, reinforcing bullish sentiment. This metric shows that traders are not only buying MYX but also opening new positions, betting on further price appreciation.

Also Read: 5 Reasons Crypto Liquidation Risk Could Break Records in September 2025

Surge in Market Capitalization and Ranking

MYX’s market capitalization stands at $2.45 billion, pushing it to 49th place among cryptocurrencies. According to CoinMarketCap, the circulating supply of this token is 197 million, with the total supply capped at 1 billion. The protocol’s unique architecture, including chain abstraction and matching pool mechanisms, continues to attract liquidity and support high-volume trading across multiple networks.

Eyeing $19 Resistance

With MYX now trading at $17.20, up almost 60%, the next big hurdle is the previous record high of $19. A decisive break above this level could trigger a new wave of price discovery. However, analysts warn that failure to hold above $14.95 could lead to a correction towards $11.78. For now, momentum favors the bulls, and MYX’s technical configuration suggests that this rally still has room to continue.

Conclusion

This significant MYX price increase marks an important moment in the cryptocurrency’s journey. With support from solid technical indicators and increased trading volume, MYX seems poised to test its previous price boundaries. Investors and traders will continue to monitor closely to see if MYX can maintain its bullish momentum or if it will experience a pullback.

Also Read: 5 UK-US Crypto Cooperation Agenda that Could Accelerate Stablecoin Adoption

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto Economy. Myx.Finance Skyrockets 60% in Just One Day, What’s Going On?. Accessed on September 19, 2025