The post Bulls Attempting to Stall the Downtrend—Can the MYX Finance (MYX) Price Recover Toward $10? appeared first on Coinpedia Fintech News
MYX Finance grabbed market attention earlier this month after posting a sharp rally of over 75%, catching traders off guard. While the price later faced a nearly 28% pullback, bulls managed to defend a large portion of the gains, triggering a swift recovery back toward the prior highs. That strength, however, proved short-lived, as sellers stepped in and forced the MYX price into a steep descending move, erasing close to 40% from the monthly peak over just a few sessions.
Despite the recent pressure, downside momentum now appears to be losing steam. Buyers have stepped in to halt the multi-day decline, signaling a potential shift in short-term structure. The key question now is whether MYX can convert this stabilization into a fresh upside leg and reclaim the $10 level in January 2026.
MYX Price Volatility Tightens
Technically, MYX has broken out of a tight consolidation range, with a strong bullish impulse candle suggesting renewed buyer control. However, follow-through remains critical. The recovery can only extend further if the price holds above the breakout zone, as failure to do so could invite renewed selling pressure.
MYX Finance’s short-term price action suggests volatility has compressed sharply over the past few sessions. Trading volume continues to decline, signaling a potential volatility crunch, which often precedes a decisive directional move. While price remains range-bound, momentum indicators are beginning to stabilize. On the 4-hour timeframe, selling pressure is easing, and the MACD is approaching a bullish crossover, hinting at a possible shift in short-term control.
At the same time, Bollinger Bands are tightening after a prior expansion, confirming the cooling phase. Historically, such squeezes tend to resolve with a strong breakout. With price holding within a rising structure, MYX appears positioned for a larger move once volatility expands again.
The Bottom Line—Will MYX Price Reach $10?
MYX Finance is approaching a decision point as volatility compresses and momentum stabilizes. A sustained breakout above $5.20–$5.50 could trigger an upside move toward $6.80, followed by $7.50. If bullish momentum strengthens, a retest of the $9–$10 zone remains possible later in January. On the downside, failure to hold above $4.50 could expose $4.00–$3.60. Until the breakout occurs, traders should expect expansion-driven volatility.
