If you’re thinking about putting money in MYX Finance and wondering when to begin accumulating a position. This review is for you. MYX Finance – DeFi Simplified MYX Finance is an innovative DeFi project, aiming to simplify decentralized finance. To kick off our coverage on MYX Finance. Let’s take a look at its price action and a couple of major technical indicators like RSI and MACD. You’ll also get support and resistance to assist in spotting entry and exit points. So without further ado, let’s jump into the MYX price analysis and unveil possible openings.
MYX Price Analysis for September 30, 2025
MYX price started the session in a range. Marking off the day’s low at $15 before breaking to the upside at 02:00 IST with MACD golden cross support. Another range soon formed, and at 04:40 IST, MYX leapt erratically to an intraday high of $17. But the upside move proved futile, and the MYX price retreated into a new trading range. MYX tried a second breakout at 08:30 IST, but soft momentum gave way to a downward channel. At 2.00 IST, the channel gave way to the upside on MACD support. If it can manage, MYX could attempt the $17+ tier, but otherwise, blowout opens the door for a decline back toward $14.40.
Chart 1: MYX/USDT M5 Chart, Analysed by Vallijat007, published on TradingView, September 30, 2025
MYX price created a gap in the range and to the world’s low of the day at $15. The range exploded to the upside at 02:00 IST on the heels of a MACD golden cross, and another range was born. This 2nd range again broke out to the upside at 04:40 IST, where MYX price leapt in one bar and took out the day’s high @ $17.
After tagging the high, the price did not hold and capitulated to the downside, welcoming yet another range. The range broke out to the upside at 08:30 IST on the strength of a golden cross of MACD, but momentum was weak, and price sculpted a downward-moving channel. The Thedown-movingchannel broke through to the upside at 0200 IST on a MACD golden cross. If the breakout holds, the price could take out another high over $17. If the breakout doesn’t hold, the price could again fall back down to 14.40.
MYX Derivatives Spike Sparks Altcoin Season Hope
MYX Finance was in a major bull run on derivatives activity – a $39 million short squeeze that started cascading liquidations with bulls charging past shorts at around $9.76.With the platform’s high leverage of up to 50x magnifying moves, and despite spot volume dropping 38%, derivatives open interest still stands at $1.14T across the sector, indicating persistent speculative risk. Traders watch for new short clusters above $14.75 to set the next price direction. The impending V2 protocol upgrade, promising zero-slippage trading and non-EVM chain support, has traders speculating ahead of its yet-to-be-confirmed launch date.
The 14-day RSI cooling off from extreme overbought levels suggests more measured excitement about this upgrade. Additionally, the Altcoin Season Index was 75%, emphasizing vigorous altcoin market activity as BTC dominance-driven capital rotation. MYX tops BNB Chain derivatives volume, surfing sector-wide ETF hype, and its low-fee perpetual DEX edge. But MYX’s huge recent rallies leave it vulnerable to profit-taking risk if BTC dominance rebounds. MYX’s rally sustainability rests on V2 delivery success and derivatives momentum, key technical support trails at $14.75 (23.6% fib) and $12.
MYX’s Derivatives Momentum and v2 Upgrade Sneak Peek – Its Path Forward
MYX Finance’s latest rally is powered by derivatives, as a $39M short squeeze triggered cascading liquidations and rebooted bullish momentum. High open interest across the $1.14T derivatives sector highlights continued speculation, even as spot volumes stay mum. With new short clusters forming near $14.75, MYX price action may rely on liquidation activity. The speculation runway of the upcoming V2 protocol upgrade with zero-slippage trading and multi-chain expansion provides additional fuel to the speculative flames. But risks persist as RSI drops from overbought territories, and altseason rotation has MYX vulnerable to volatility. Holding above $14.75 support is key to the upside momentum, with $12 a more serious risk.
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