In the midst of a fluctuating cryptocurrency market, MYX is showing signs of a potential bullish trend. Recent price movements indicate a shift in momentum, attracting the attention of traders and investors alike, as enthusiastically stated in the publication.
MYX Experiences Notable Uptick
During the latest intraday session, MYX experienced a notable uptick, forming higher high swings that suggest increasing buyer interest. The price has stabilized above the critical 5 level, with buyers stepping in to defend these higher levels rather than pursuing fleeting price bounces.
Significant Change in Trend
The price chart reveals a significant change in trend, supported by rising short-term moving averages positioned beneath the price. This alignment not only confirms the bullish trend conditions but also indicates a reduced risk of downside movement. Analysts suggest that if MYX manages to close above the 650 mark, it could pave the way for further gains, potentially reaching:
- 7
- 880
in the upcoming trading sessions.
In a contrasting development, AXS/USDT recently broke out of a long-term bearish channel, indicating a potential shift in market sentiment. For more details, see the full article here.
