ANALYSIS $MYX/USDT – DATE 6/7/2025
1. Overview
Current price: ~$0.099–0.100 USDT, surged approximately 80% in 24h.
Daily trading range: $0.055 – $0.103 USDT.
24h trading volume: ~15 million USD.
Token belongs to the MYX Finance platform, a DEX derivatives exchange that supports leverage up to 125x.
2. Fundamental Analysis
FDV ~100 million USD, while the actual market cap is only ~12.5 million USD.
Only ~12.5% of the total supply is circulating → many tokens can still be unlocked.
Supported by funds like HashKey, GSR; audited by SlowMist.
Advantages: Matching Pool mechanism, reduced slippage, high order matching speed.
3. Technical Analysis
Near resistance: $0.103 – $0.105 USDT.
Strong support: $0.085 – $0.090, deeper support at $0.070 – $0.080.
4H RSI approaches overbought zone (>70) → a correction may occur.
Short-term MAs are signaling an uptrend, but have widened → high risk of correction.
4. Short-term Short Strategy
Enter short position around $0.100 – $0.103, if buying pressure weakens.
Take profit target: $0.085 – $0.090.
Stop loss: if the price strongly exceeds $0.105, it may turn into a breakout.
If more certainty is needed: wait for a confirmation reversal candle (e.g., shooting star, engulfing…).
5. Summary
$MYX is surging strongly after the drop, but there is a risk of profit-taking/cutting margin.
Shorting at the current price level is reasonable if accompanied by reversal confirmation + good risk management.
The market is highly volatile → do not FOMO, enter positions gradually and manage trailing SL sensibly.
1. Overview
Current price: ~$0.099–0.100 USDT, surged approximately 80% in 24h.
Daily trading range: $0.055 – $0.103 USDT.
24h trading volume: ~15 million USD.
Token belongs to the MYX Finance platform, a DEX derivatives exchange that supports leverage up to 125x.
2. Fundamental Analysis
FDV ~100 million USD, while the actual market cap is only ~12.5 million USD.
Only ~12.5% of the total supply is circulating → many tokens can still be unlocked.
Supported by funds like HashKey, GSR; audited by SlowMist.
Advantages: Matching Pool mechanism, reduced slippage, high order matching speed.
3. Technical Analysis
Near resistance: $0.103 – $0.105 USDT.
Strong support: $0.085 – $0.090, deeper support at $0.070 – $0.080.
4H RSI approaches overbought zone (>70) → a correction may occur.
Short-term MAs are signaling an uptrend, but have widened → high risk of correction.
4. Short-term Short Strategy
Enter short position around $0.100 – $0.103, if buying pressure weakens.
Take profit target: $0.085 – $0.090.
Stop loss: if the price strongly exceeds $0.105, it may turn into a breakout.
If more certainty is needed: wait for a confirmation reversal candle (e.g., shooting star, engulfing…).
5. Summary
$MYX is surging strongly after the drop, but there is a risk of profit-taking/cutting margin.
Shorting at the current price level is reasonable if accompanied by reversal confirmation + good risk management.
The market is highly volatile → do not FOMO, enter positions gradually and manage trailing SL sensibly.