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breaking news!! 🚨 📉 MYX Finance wipes out 100% of gains, are bulls eyeing $5 again?
what’s MYX and why it moon then fell off a cliff 🚀📉?
can bulls make $5 happen or are we
myx finance hit $19 then nosedived: now bulls eye $5…volume spike needed; altcoin sentiment ain’t looking too hot.
**Key takeaways** 📈 📉
– MYX Finance retraced gains due to fading trading volume post $10.
– A rally to $19 requires increased trading volume.
– Current altcoin market sentiment suggests limited recovery potential for MYX.
**Retracement and Rally** 📈 📉
– MYX surged from $0.96 to $19, then retraced significantly.
– Key Fibonacci levels like $4.82 were tested as support.
– The recent drop to $0.886 followed Bitcoin’s decline.
**Short-term Outlook** 📉 📈
– Recent volatility partly due to altcoin selloff.
– Potential for recovery if $4.33 holds as support.
– Daily and 4-hour charts indicate bearish market structure.
**Market Indicators and Expectations** 📊 📈
– Buyers’ control needed for bullish outlook.
– $2.5 support zone held in the past week.
– Watch OBV and MACD for momentum shifts.
**External factors** 🌍
– A Bitcoin rally to $114,000 could impact MYX sentiment.
– Disclaimer: Content does not constitute financial advice.
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