MYX Crypto Soars 23% – Is This the Start of Something Big, or Just a Fluke?

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MYX Finance has decided to throw a party, surging by a staggering 23% in just 24 hours, according to CoinMarketCap. In a move that left the entire crypto world scratching its head, MYX led the top 100 coins by market cap, wiping out the week’s losses with a “hey, remember me?” moment. A wild 19% leap on the weekly scale – not too shabby, right?

For those keeping score, MYX and MemeCore [M] were the only ones flexing double-digit gains by the time the bell rang. Meanwhile, the rest of the crypto market was like, “Why am I even here?” as the capitalization slid under the $3 trillion mark, losing about 5%. But hey, that’s just crypto for you, right? One minute you’re on top, the next you’re praying to the blockchain gods for mercy.

So, what sparked this unholy rally? You guessed it: Binance listing rumors. Speculation is like oxygen in crypto, and it seems like MYX got a serious boost from a possible December listing. Traders got giddy, especially after the launch of MYX perpetual futures – a move that, historically speaking, often paves the way for a spot listing. When futures fly, can spot listings be far behind?

Bulls Ignite MYX Price Like a Rocket on Caffeine

The price surge wasn’t just a rumor-fueled hype train. It was technical. The breakout on the charts was real, and it looked like a bull charging through the gates. After being as quiet as a mouse for over 10 days, the bulls broke above the $3 mark, throwing their hooves up in victory. Momentum? You bet.

The MACD was flipping green, the signal lines were leaping over the bars like they were in an Olympic race, and the On Balance Volume (OBV), which had been as lifeless as a damp sponge for two weeks, spiked past a solid $11 billion. Seriously, you can almost hear the “cha-ching!” echoing through the markets.

If this momentum sticks, don’t be shocked to see MYX push beyond $3.50. The zone around that price was the battlefield that saw the price slump to $2.29 just two weeks ago. Oh, how the mighty have risen.

The key breakout zone for our fearless bulls was at $2.60. But of course, nothing is ever simple. The price took a detour down to $2.70 before rallying again, proving that even a breakout can’t escape the clutches of resistance.

Last we checked, MYX was cruising around $3.50. The bulls were still looking strong, like that guy at the gym who never skips leg day. They’ve got the momentum, but the $3.50 zone? Yeah, it’s still a tough nut to crack. Let’s see if they can power through, or if the bears are lurking nearby with a new 33% price drop strategy.

Open Interest Surges Like a Coffee-Fueled Hedge Fund

This rally wasn’t just the result of a fancy technical breakout and rumor mill gossip. No, the Open Interest (OI) and some steady perp volume were in on the action too. OI jumped from a measly $1.33 million to a solid $3.80 million – a 3x increase in just a day. That’s more excitement than a Black Friday sale!

Investors started pouring in, spurred on by the delicious prospect of a Binance listing, naturally. After all, nothing says “buy me” like the name “Binance” in your Twitter feed.

Meanwhile, MYX was still playing it cool in the derivatives market. Its perpetual volume stayed flat around $300 million – pretty significant, especially when most coins were just trying to survive the bear market like a stranded fish on dry land.

Final Thoughts

  • MYX Finance skyrocketed by 23%+, powered by Binance listing rumors, a breakout, and growing interest. Can we call it a trend yet?
  • Price resistance at $3.50 looms large, but the bulls are showing no signs of slowing down. Could this be the start of something big? Only time will tell. 😏

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2025-12-01 23:08