MYX defies market weakness with a strong rally: But THIS concern remains

ambcrypto2026-02-02 tarihinde yayınlandı2026-02-02 tarihinde güncellendi

Özet

MYX Finance (MYX) demonstrated significant strength against the broader crypto market, rallying 10.7% in 24 hours with a 40% surge in trading volume, while Bitcoin and altcoins declined. The token broke above a key supply zone around $3.7-$4.0, confirming a bullish structure shift. Despite low average volume, recent buying interest has been concentrated on weekends. MYX is currently trading within a range of $4.58 to $7.30, with the 50-day moving average providing support at $4.63. While short-term momentum is strong, a retracement to the $4.58-$4.62 liquidity zone is possible. Traders are advised to consider entries near $4.9-$5.1 on any pullback, targeting the range high of $7.3.

MYX Finance [MYX] showed relative strength against the market. It has rallied 10.7% in the past 24 hours, with a nearly 40% increase in daily trading volume.

Meanwhile, Bitcoin [BTC] was down 2.29%, and the altcoin market has shed 2.97%.

The 1-day chart showed a bullish structure shift in December. MYX buyers followed this up with a bullish continuation, pushing prices back above the $3.7-$4.0 supply zone that had held them back since October 2025.

The 20 and 50-period moving averages captured the strong uptrend of MYX in recent weeks. Over the weekend, MYX had defended the 50 DMA and bounced higher.

The OBV did not see much movement, since the trading volume has been consistently below average recently, apart from occasional spikes in activity.

Interestingly, since mid-November, these individual volume surges occurred on weekends or on a Monday.

A range formation (purple) between $4.58 and $7.30 has been in place since the first week of January.

The 50DMA at $4.63 had confluence with the range lows during the most recent retest, helping explain the MYX price bounce.

What is expected next?

The liquidation map highlighted greater long leverage, especially around $4.58-$4.62. It is possible that MYX would drop once again to revisit this liquidity cluster.

To the north, the short liquidation leverage was also sizeable, up to $6.45.

Traders’ call to action – Buy the retracement

The 1-hour chart showed a bullish structure and strong upward momentum. Lower timeframe traders can wait for a sizeable retracement to buy. Ideally, the $4.9-$5.1 can give long traders an entry.

As the liquidation chart showed, a retest of $4.58 is also a possibility.t

Final Thoughts

Myx Finance token showed relative strength against the wider market over the past 24 hours and is up nearly 23% from the $4.63 local low.
While the short-term upward momentum is strong, the longer timeframe chart showed a range formation, with the upper range extreme at $7.3.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

İlgili Sorular

QWhat was the price performance of MYX Finance (MYX) in the past 24 hours compared to the broader market?

AMYX Finance showed relative strength, rallying 10.7% in the past 24 hours, while Bitcoin (BTC) was down 2.29% and the altcoin market shed 2.97%.

QWhat key supply zone did MYX buyers manage to push the price above, and since when had it been a resistance?

AMYX buyers pushed the price back above the $3.7-$4.0 supply zone, which had acted as resistance since October 2025.

QAccording to the liquidation map, what is a possible price target for a retracement to the downside?

AThe liquidation map highlighted a significant cluster of long liquidations around $4.58-$4.62, making a retest of the $4.58 range low a distinct possibility.

QWhat trading strategy does the article suggest for lower timeframe traders based on the 1-hour chart?

AThe article suggests that lower timeframe traders can wait for a sizeable retracement to buy, with an ideal entry zone between $4.9 and $5.1.

QWhat is the upper extreme of the range formation that has been in place since the first week of January?

AThe range formation has an upper extreme at $7.30, with the lower boundary at $4.58.

İlgili Okumalar

The King of Blind Date Attire in Korea: How SK Hynix Made a Comeback Against Samsung?

In South Korea's dating scene, SK Hynix employees are now highly sought after, a status shift fueled by the company's astronomical profits and employee bonuses, projected to reach up to 6.1 million RMB per person by 2027. This marks a dramatic reversal for the long-time second-place player in memory semiconductors, which has now surpassed its rival Samsung in annual operating profit. The turnaround story began in 2008 when a struggling Hynix, emerging from bankruptcy restructuring, took a risky bet by agreeing to develop High Bandwidth Memory (HBM) with AMD. At the time, HBM had no clear market beyond high-end graphics cards and was a costly, complex technology. Major players like Samsung, pursuing its own HMC technology, declined. For Hynix, with only memory as its core business, it was a gamble born of necessity. The pivotal moment came in 2012 when SK Group Chairman Chey Tae-won acquired Hynix. Defying industry downturns, he invested heavily in R&D and fabrication, sustaining the HBM project through over a decade of commercial uncertainty and internal challenges. A key break occurred around 2016-2017 when Samsung faced production issues supplying HBM2 for Google's TPU, allowing SK Hynix to gain a crucial foothold in the data center market. The AI explosion post-ChatGPT in 2022 was the catalyst, turning HBM into a critical bottleneck for AI accelerators like NVIDIA's GPUs. By 2025, SK Hynix captured 62% of the global HBM market, leaving Samsung at 17%. For the first time, its annual operating profit exceeded Samsung's. Analysts point to the "innovator's dilemma" to explain Samsung's miss: its vast, successful business portfolio made it risk-averse, preventing an all-in bet on the initially niche HBM technology. In contrast, SK Hynix, as a challenger with its back against the wall, had no choice but to commit fully. The story highlights how Korea's chaebol system allows for ultra-long-term bets beyond quarterly pressures. However, SK Hynix's lead isn't guaranteed. Samsung is aggressively catching up on HBM4, and challenges like customer concentration (heavy reliance on NVIDIA) and technical hurdles in advanced packaging remain. The narrative underscores a market truth: the greatest alpha often comes from betting on uncertain, long-term directions others dismiss, much like HBM in 2008.

marsbit4 dk önce

The King of Blind Date Attire in Korea: How SK Hynix Made a Comeback Against Samsung?

marsbit4 dk önce

US Stock Storage Fever Spreads to Crypto for the Third Time, VVV Leads 'AI Data Infrastructure' Sector Gains

U.S. stock storage rally spreads to crypto for the third time, with VVV leading the 'AI data infrastructure' sector. On May 11, Venice Token (VVV) surged 17.63% with $65.05M volume, followed by Chainbase, SQD, and Vana, rising 5-8%. This mirrors gains in U.S. storage stocks like SanDisk and Micron. The crypto AI narrative is shifting. The initial wave (May 6-7) saw pure storage tokens like FIL, AR, and STORJ rise, driven by spillover from the U.S. storage chip boom. The second wave saw broader DePIN sector gains. The current third wave has moved beyond pure storage to broader "AI infrastructure." VVV, a decentralized AI inference platform, leads due to its own catalysts like a token burn mechanism and partnership news, alongside the broader market trend. Notably, traditional storage tokens showed minimal gains (<4%) on May 11, indicating the rally is becoming more selective, focusing on projects with specific narratives like AI data or compute. The pattern suggests the sector rally may be in a later stage, with sustainability depending on whether the U.S. storage chip boom continues.

marsbit14 dk önce

US Stock Storage Fever Spreads to Crypto for the Third Time, VVV Leads 'AI Data Infrastructure' Sector Gains

marsbit14 dk önce

Understanding Hash in One Article: The "Browser Miner" on Ethereum

Hash is an Ethereum-based ERC-20 token described as a "browser-minable post-quantum token." Its key features include enabling browser-based GPU mining without specialized hardware, a fixed supply cap of 21 million tokens, immutable and permissionless smart contracts with no team allocation or pre-mining, and an emphasis on post-quantum security using Keccak256 hashing. The mining mechanism is a simplified on-chain proof-of-work where miners solve unique challenges tied to their wallet address. Key design elements prevent answer theft, with epochs resetting every 100 blocks (~20 minutes) and a per-block minting limit. Emission follows a Bitcoin-like halving schedule every 100,000 mints, starting at 100 tokens per mint. Projections suggest all tokens could be mined within approximately 294 days if a target rate of one mint per minute is sustained. Hash emphasizes "post-quantum" security by leveraging hash-based primitives like Keccak256, which are considered more resistant to quantum attacks compared to elliptic-curve cryptography. While not a fully post-quantum asset, it aligns with Ethereum's broader post-quantum research narrative. The project completed its Genesis sale at $0.03 and began trading on Uniswap, with its price reaching around $0.19. The initial circulating supply is small, with 5% sold in Genesis and 5% allocated to liquidity. The majority (47.6% of total supply) is allocated to early-stage mining, leading to a front-loaded emission schedule. This structure, combined with low initial liquidity, makes Hash a high-volatility, high-risk project dependent on sustained miner participation and market demand to absorb new supply.

marsbit17 dk önce

Understanding Hash in One Article: The "Browser Miner" on Ethereum

marsbit17 dk önce

OpenAI's Largest Internal Wealth Creation: 600 People Cash Out a Total of $6.6 Billion, 75 Take Home the Maximum $30 Million Each

A Wall Street Journal report reveals OpenAI's unprecedented pre-IPO wealth creation. In a single employee stock sale last October, over 600 current and former employees sold shares, collectively cashing out approximately $6.6 billion. Due to high investor demand, the company tripled the individual sale cap to $30 million, with about 75 employees selling the maximum amount. This event represents the largest such transaction in tech industry history for a private company. OpenAI's valuation was $500 billion for this tender offer. Employees with over two years of tenure were eligible, allowing many post-ChatGPT hires their first liquidity event. The company's stock has reportedly grown over 100-fold in seven years. Following a restructuring, employees collectively hold about 26% of OpenAI. The scale of executive wealth is also staggering. In court testimony related to Elon Musk's lawsuit, President and co-founder Greg Brockman confirmed his OpenAI stake is worth around $30 billion. Analysis indicates about 165 current and former employees hold a combined ~$164.9 billion in equity, averaging nearly $1 billion per person in paper wealth. OpenAI's per-employee stock-based compensation is estimated to be 34 times the average of major tech firms before their IPOs. OpenAI continues its rapid ascent, closing a $122 billion funding round at an $852 billion valuation in March. With monthly revenue hitting $2 billion, over 900 million weekly ChatGPT users, and plans for a potential trillion-dollar IPO in late 2026, this wealth-creation engine shows no signs of stopping.

链捕手40 dk önce

OpenAI's Largest Internal Wealth Creation: 600 People Cash Out a Total of $6.6 Billion, 75 Take Home the Maximum $30 Million Each

链捕手40 dk önce

An In-Depth Analysis of the Reasons Behind the Recent Surge in the Memory Storage Industry

"Understanding the Recent Boom in the Memory Industry" summarizes the key structural shift in the memory sector driven by AI. Traditionally, the memory industry (DRAM, NAND) has been highly cyclical, with prices driven by inventory cycles and consumer electronics demand, which can be deferred. However, AI has fundamentally changed the demand structure. AI workloads create continuous, non-deferrable demand for high-bandwidth memory (HBM) due to GPU memory bottlenecks. This high-margin HBM production is prioritized by major manufacturers like Samsung, SK hynix, and Micron, structurally reducing the supply of traditional DRAM and NAND. Consequently, the market is transitioning from a spot-based model to a contract-based allocation system. HBM supply is reportedly booked through 2026, leading to spot shortages and sharp price increases for other memory types. Delivery lead times have also extended dramatically. Pricing power is shifting from the open market to those with long-term contracts. Primary beneficiaries are HBM-leading suppliers and large hyperscalers (Microsoft, AWS, Google) that can lock in future supply. Key risks to this "AI supercycle" include a potential slowdown in AI capital expenditure, disruptive new memory architectures, or a return to aggressive industry capacity expansion, which could reintroduce cyclicality.

marsbit42 dk önce

An In-Depth Analysis of the Reasons Behind the Recent Surge in the Memory Storage Industry

marsbit42 dk önce

İşlemler

Spot

Futures