MYX Finance posted one of the most aggressive short-term rallies in the crypto market this week, surging as much as 90% in under 12 hours after a prolonged decline. The sharp reversal surprised short-sellers and rekindled speculative interest. The move came ahead of the launch of MYX V2, and investors treated this development as a signal of durable support, triggering immediate demand.
The token traded around $1.74, rising about 70.6% in the last 24 hours. The rally also partially offset an 87% drop logged over the prior 12 days. BeInCrypto noted the rebound had likely already been in the cards, with the Money Flow Index slipping below 20.0, indicating waning downside momentum. The next resistance sits near $1.82, and a decisive breakout could open the path toward $2.28 if volume and funding inflows persist.
On the fundamentals, selling pressure cooled as new accumulation kicked in and investor interest returned. If funding continues to flow in, the rally could extend; otherwise, signals may fail to materialize into a durable uptrend. If signals remain ambiguous or momentum fades, the uptrend could stall and the rally may reverse. A failure to sustain gains could push the price toward $1.01, erasing much of the recent recovery and underscoring the need for persistent demand to sustain the rally.
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