TLDR


MYX Finance is up 18.91% to $0.987 in 24h, significantly outperforming a broadly flat market, primarily driven by a surge in leveraged speculative buying.

Primary reason: Aggressive leveraged long positioning, with Open Interest surging over 120% to $51.62 million and a majority of top traders on Binance holding long positions.

Secondary reasons: No clear secondary driver was visible in the provided data; the move appears isolated rather than part of a broader market or sector trend.

Near-term market outlook: If MYX holds above the $0.83 macro support, it could retest the $1.76 resistance; a break below support risks a sharp pullback from overextended leverage.
MYX-22,4%
UP-9,8%
IN-4,64%
LONG-2,78%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)