MYX Price Eyes $26 as Breakout Sparks Bullish Momentum
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BTCCSquare news:
MYX has surged 75% this week to $17.40, nearing its all-time high of $19.19. A falling channel breakout on the 4-hour chart suggests accelerating bullish momentum, with traders targeting $20 as the next resistance level. The $19-$20 range now acts as a liquidation magnet, where clustered Leveraged positions could fuel further upside.
Short liquidations and renewed buying pressure follow a liquidity sweep NEAR $11 over the weekend. With intraday gains reaching 52%, sustained momentum may push MYX toward $26—a 50% extension from current levels. Technicals align with market structure as Coinglass data reveals maximum leverage concentrations at critical thresholds.
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