MYX Finance (MYX) Daily Market Analysis

What is the latest news for MYX?

MYX Finance Experiences Sharp Price Volatility Amid V2 Upgrade Anticipation

MYX Finance price is back in focus after a sharp upside expansion, pushing it to fresh interim highs above $7. Over the first weekend of 2026, it jumped from $3.73 to $7. However, recent momentum has moderated, with the live MYX Finance price today at $6.00 USD with a 24-hour trading volume of $31,393,793 USD, down 6.86% in the last 24 hours.

Market Performance and Trading Activity

The trading volume of MYX Finance is $41,274,076.28 in the last 24 hours, representing a 8.90% increase from one day ago and signalling a recent rise in market activity. The current CoinMarketCap ranking is #49, with a live market cap of $1,509,787,053 USD.

The most popular exchange to buy and trade MYX Finance is Bitget, where the most active trading pair MYX/USDT has a trading volume of $1,450,493.83 in the last 24 hours.

V2 Protocol Upgrade Driving Investor Interest

The V2 Protocol Upgrade is scheduled for Q1 2026 and will feature zero-slippage execution and cross-chain improvements. People are pointing at the V2 upgrade hype, some technical breakouts, and honestly, a little bit of FOMO.

The V2 Launch in Q1 2026 will focus on refining zero-slippage execution, ensuring the protocol remains at the forefront of derivatives innovation.

2026 Roadmap and Expansion Plans

Non-EVM Chain Expansion is planned for 2026 to bridge to networks like Solana and Bitcoin L2s, Advanced Liquidity Pools are scheduled for mid-2026, and a Governance DAO Launch is planned for 2026.

The 2026 roadmap prioritizes cross-chain scaling and MYX Chain Mainnet (2027), positioning it as a decentralized derivatives standard.

Recent Technical Developments

Chainlink integration on October 27, 2025 enhanced institutional trust and reduced liquidation disputes. TVL hit $27.6M by October 2025, fueled by AEON Pay integration and a $89.5M short squeeze boosting token demand.

Market Sentiment and Challenges

MYX's circulating supply is 251M (25% of total), with scheduled unlocks in 2026. Past unlocks saw VC entities like Hack VC dump $2.15M MYX, triggering a 20% drop.

MYX Finance plunged 38% amid a growing disconnect from Bitcoin. With RSI bearish and support at $5.00 in play, the token faces mounting pressure.

Sources:

Why is MYX price down today?

MYX Finance (MYX) Price Analysis - 24 Hour Movement

Current Price and Change

MYX Finance is trading at $5.96 with a -15.06% decline over the past 24 hours.

Market Metrics

Market Capitalization: $1.14 billion
24-Hour Trading Volume: $25.6 million
Fully Diluted Valuation: $5.95 billion
Available Supply: 190.8 million MYX tokens

Price Movement Context

The significant 15% decline over 24 hours contrasts sharply with the token's +14.82% gain over the past 7 days, indicating a sharp reversal in the short term. The hourly change of +0.37% suggests some stabilization or minor recovery within the current trading session.

Analysis

The substantial single-day decline appears to represent profit-taking or market correction following the strong weekly performance. The trading volume of $25.6 million indicates moderate liquidity during this price movement. Without access to real-time news or specific catalyst information, the decline likely reflects broader market conditions or technical selling pressure rather than fundamental changes to the project.

Note: For specific news catalysts or announcements driving today's price movement, I would need to search current news sources. The data provided shows the price action but not the underlying reasons for the decline.

What is the market sentiment for MYX today?

MYX Finance (MYX) Market Sentiment Analysis

Overall Sentiment Assessment

The community is bearish about MYX Finance (MYX) today, despite recent price volatility. Current market conditions reflect a mixed sentiment environment characterized by technical overextension and profit-taking pressures following significant recent gains.

Price Action and Technical Indicators

MYX has experienced substantial volatility in recent trading sessions. MYX Finance price is back in focus after a sharp upside expansion, pushing it to fresh interim highs above $7, with the rally effectively flipping the prior breakout level near $6.45 into support, shifting the short-term structure in favor of bulls. However, RSI at 81 signals overbought conditions, with RSI 7-day hitting 81.25 – its highest since September 2025 – signaling extreme overbought risk.

Social Media and Community Sentiment

On Twitter, people are mostly neutral about MYX Network, with 21.53% of tweets with bullish sentiment compared to 2.54% of tweets with a bearish sentiment, while 78.47% of tweets were neutral. In the last 24 hours, across all social media platforms, MYX Finance has an average sentiment score of 4.6 out of 5.

Trader Positioning and Market Dynamics

MYX open interest surged 14% to $45.6M, with longs dominating (64% of positions), however, funding rates turned negative (-0.0018%), indicating growing bearish leverage, with the rally partly fueled by a short squeeze (over $11M liquidated longs in 24h), but negative funding suggests traders are betting against sustainability.

Recent Sentiment Drivers

V2 Upgrade Anticipation – Zero-slippage trading and cross-chain features expected in Q1 2026 provides bullish catalysts. However, MYX's circulating supply is 251M (25% of total), with scheduled unlocks in 2026, and past unlocks saw VC entities like Hack VC dump $2.15M MYX, triggering a 20% drop.

Technical Analysis Consensus

Based on data from October 27, 2025 at 16:28, the general MYX Finance price prediction sentiment is bearish with 9 technical analysis indicators signaling bullish signals, and 10 signaling bearish signals.

Trading Volume and Activity

The trading volume of MYX Finance (MYX) is $41,274,076.28 in the last 24 hours, representing a 8.90% increase from one day ago and signalling a recent rise in market activity.

Sources:

MYX Technical Analysis: Key Support & Resistance Levels?

MYX Finance (MYX) Technical Analysis

Current Price & Market Data

MYX Finance is trading at $6.00 USD with a 24-hour trading volume of $31.39 million. The token has shown significant volatility, with a -8.55% decline over the last week but an 80.76% monthly increase.

Key Support Levels

Level	Significance
$6.00	Primary resistance zone
$3.69 (23.6% Fibonacci retracement)	Critical support; key watch level
$3.51 (38.2% Fibonacci zone)	Secondary support if $3.69 breaks
$4.61	Intermediate support on declining volume

Key Resistance Levels

Level	Significance
$6.00 (primary resistance; breakout could target $8.50)	Major breakout zone
$5.09 (Fibonacci 127.2%)	Intermediate resistance
$4.3, then $5.00	Secondary resistance targets

Technical Indicators

RSI (Relative Strength Index)

RSI 7-day reached 81.25 – its highest since September 2025 – signaling extreme overbought risk. Overbought RSI historically precedes corrections for MYX (e.g., a 60% drop followed August 2025's RSI spike to 98).

MACD (Moving Average Convergence Divergence)

MYX broke above its 7-day SMA ($3.68) and Fibonacci 23.6% level ($3.83), with MACD histogram turning bullish (+0.059). The MACD reflects weak bearish momentum, signaling a pause before a potential shift in trend.

Moving Averages

Moving average rating shows strong buy signal. The price pushed back above the 7-day SMA at $2.31, then broke through the $2.47 pivot, with MACD histogram ticking positive at +0.21.

Chart Patterns & Price Action

Price has hit the key order block demand zone (green area ~4.80-5.16) on the daily/weekly structure. MYX has completed a clear range resolution after weeks of consolidation, breaking decisively above the former resistance around the 4.00 area.

MYX crossed the key Fibonacci 50% retracement level at $2.96, turning this into a battleground for bulls versus bears, with trapped shorts likely clustering around $3.24.

Trading Volume Analysis

The 24h volume spike (+864% to $114M) suggests both momentum buyers and trapped shorts contributed to the move. Wallets holding over $1M in MYX increased their positions by 17% last week, accumulating 855,419 tokens. Since 80% of the 1B supply remains locked, this squeeze on circulating supply makes MYX highly sensitive to concentrated buying.

Short-Term Outlook (Hourly/Daily)

Bearish Signals:

RSI 7-day at 81.25 signals extreme overbought conditions
A breakdown below $4.61 support could trigger a 20-30% correction as overheated metrics cool

Bullish Signals:

Overall oscillator rating is buy
MACD histogram turning bullish

Medium-Term Outlook (Weekly/Monthly)

The most significant resistance level currently stands at $6.00. If this can be surpassed, prices could rise to $8.50 before the end of January 2026, and it's possible the ATH could be revisited by the end of the quarter.

Watch the $3.80-$4.00 resistance zone – a breakout might target $4.80, while failure risks a drop to $3.20 support.

MYX teased its V2 upgrade (expected Q1 2026) featuring portfolio margining and non-EVM chain support via a Chainlink integration. This follows a 147M MYX airdrop to boost adoption. The upgrade could position MYX as a cross-chain perpetuals leader, justifying its $1.4B valuation.

Risk Factors

While whale accumulation builds upward pressure, it also raises volatility risks if these large holders decide to trim positions
MYX has a history of volatile token unlocks (e.g., 39M MYX unlocked in Sept 2025). While no unlocks occurred recently, past events linger in trader psychology. Investors remain cautious about potential sell pressure from future unlocks, despite MYX's strong fundamentals (e.g., $9B monthly trading volume)