{"id":132295,"date":"2025-09-10T08:07:08","date_gmt":"2025-09-10T08:07:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/132295\/"},"modified":"2025-09-10T08:07:08","modified_gmt":"2025-09-10T08:07:08","slug":"myx-finance-up-250-but-the-3-danger-zone-looms","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/132295\/","title":{"rendered":"MYX Finance up +250% &#8211; But the $3 danger zone looms"},"content":{"rendered":"<p>\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" data-del=\"avatar\" alt=\"Avatar\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/09\/Benja-80x80.jpeg\" class=\"avatar pp-user-avatar avatar-48 photo \" height=\"48\" width=\"48\"\/><\/p>\n<p>Journalist<\/p>\n<p>\t\t\t\t\t\t\t\t\t\tPosted: September 10, 2025<\/p>\n<p>\t\t\t\t\t\t\t\tKey Takeaways<\/p>\n<p>MYX Finance blasted over 250% in the past two days, jumping from $4 to $18, thanks to massive perpetual traction. Can late bulls benefit from the recent pullback?<\/p>\n<p>On the 8th September, <a href=\"https:\/\/ambcrypto.com\/category\/altcoins-news\/\" target=\"_blank\" rel=\"noopener nofollow\" data-wpel-link=\"internal\">MYX Finance [MYX] <\/a>surged by over 298%, rising from $4 to $14. The following day, it extended the rally to $18, allowing bulls to lock in an extra 56%.<\/p>\n<p>The explosive move was triggered by the massive platform\u2019s massive on-chain perpetual volume. According to <a href=\"https:\/\/ambcrypto.com\/category\/binance-news\/\" target=\"_blank\" rel=\"noopener nofollow\" data-wpel-link=\"internal\">BNB<\/a> Chain, MYX Finance <a href=\"https:\/\/x.com\/BNBCHAIN\/status\/1964992148505551104\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">topped<\/a> the volumes on the network alongside <a href=\"https:\/\/ambcrypto.com\/predictions\/pancakeswap-token-price-prediction\" data-wpel-link=\"internal\" rel=\"nofollow noopener\" target=\"_blank\">PanCakeSwap [CAKE]<\/a>.\u00a0<\/p>\n<p>This was not surprising, as most tokens in this segment, like <a href=\"https:\/\/ambcrypto.com\/whale-accumulation-driving-hyperliquid-is-a-hype-ath-ahead\/\" target=\"_blank\" rel=\"noopener nofollow\" data-wpel-link=\"internal\">Hyperliquid [HYPE]<\/a>, and <a href=\"https:\/\/ambcrypto.com\/idex-jumps-34-in-7-days-can-the-hybrid-dex-token-push-to-0-045\/\" data-wpel-link=\"internal\" rel=\"nofollow noopener\" target=\"_blank\">IDEX<\/a>, have seen aggressive upswings.\u00a0<\/p>\n<p>In fact, the overall perpetual volumes handled by decentralized exchanges (DEXes) edged closer to 10% of CEXes, underscoring renewed traction.\u00a0<\/p>\n<p><a href=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/09\/dex-to-cex-futures-trade-volume.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-526760\" class=\"size-full wp-image-526760\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"MYX Finance \" width=\"2401\" height=\"1400\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/09\/dex-to-cex-futures-trade-volume.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-526760\" class=\"wp-caption-text\">Source: The Block<\/p>\n<p>At the time of writing, however, the MYX rally had cooled off slightly, pointing to profit-taking. Will bulls defend $10?\u00a0<\/p>\n<p>Will MYX hold above $10?<\/p>\n<p>The pullback was close to hitting the golden ratio zone (0.5-0.618 Fib levels, yellow), which was around $10, at press time. <\/p>\n<p>In other words, the psychological $10 level could become a key support to watch in the near term.\u00a0<\/p>\n<p><a href=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/09\/MYXUSDT.P_2025-09-09_16-34-16.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-526761\" class=\"size-full wp-image-526761\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"MYX Finance\" width=\"1950\" height=\"1146\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/09\/MYXUSDT.P_2025-09-09_16-34-16.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-526761\" class=\"wp-caption-text\">Source: MYX\/USDT, TradingView<\/p>\n<p>If $10 holds, a potential recovery to $18 or $28 could offer an extra 55% to150% gains. The OBV (On Balance Volume) was still high, underscoring massive trading volume and interest that could still push the token to tag the upside targets.\u00a0<\/p>\n<p>But the oversold conditions on the lower and higher timeframes indicated that the rally could still be due for more cool-off.\u00a0<\/p>\n<p>A breakdown below the $9.5, could reinforce sellers\u2019 market edge, and dent the bullish thesis idea described above.\u00a0<\/p>\n<p>Why bulls need to defend $10<\/p>\n<p>That said, losing $10 and clearing the liquidity below $9, could increase the risk of dropping back to $3. This was based on the liquidity pools that were at $12, $9 and $3.\u00a0<\/p>\n<p>In a liquidity hunt-driven price action, MYX could tag $12 and $9. But a sustained stay below $10 would make the massive liquidity zone at $3 (yellow) a potential price magnet.\u00a0<\/p>\n<p><a href=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-09-164555.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-526762\" class=\"size-full wp-image-526762\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"MYX Finance\" width=\"1452\" height=\"686\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-09-164555.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-526762\" class=\"wp-caption-text\">Source: CoinGlass<\/p>\n<p>The September trading volume has boosted MYX to rally more than 4x. And more gains could be likely if bulls defend $10 psychological support. <\/p>\n<p>However, the uptrend could derail if the level is lost.\u00a0<\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/cathie-wood-bets-on-ethereum-dumps-robinhood-details\/\" rel=\"prev nofollow noopener\" data-wpel-link=\"internal\" target=\"_blank\">Cathie Wood bets big on Ethereum, dumps Robinhood \u2013 Details<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Journalist Posted: September 10, 2025 Key Takeaways MYX Finance blasted over 250% in the past two days, jumping&hellip;\n","protected":false},"author":2,"featured_media":132296,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[1095,64,63,99],"class_list":{"0":"post-132295","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-au","10":"tag-australia","11":"tag-business"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/132295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=132295"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/132295\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/132296"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=132295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=132295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=132295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}