MYX Finance Price Outshines Bitcoin After 32% Rally Amid Sell-Off
MYX Finance has outperformed the broader market, rallying 32% over the past six days even as Bitcoin slid toward $65,000. The surge reflects sustained investor confidence, but emerging resistance levels could constrain further gains if momentum fades. On-chain indicators point to steady spot inflows: the Chaikin Money Flow has climbed above zero, a shift commonly associated with accumulation as buyers absorb supply and support price stability.
At the same time, derivatives data paint a more cautious picture, with funding rates moving sharply negative as short positions gain the upper hand. The token trades near $6.40 and remains above the $5.99 demand zone. Reclaiming $6.87 as support would clear the way toward the $7.49 resistance level, while failure to hold current support or a renewed Bitcoin sell-off could trigger a pullback toward $5.27 or lower.
This price analysis article is for informational purposes only and should not be considered financial or investment advice.