MYX Finance's sudden surge and drop: falling from $4 to $3, can it surge to $10 next?

【Crypto World】MYX Finance recently experienced a rollercoaster market. It first skyrocketed from around $2.2, with a short-term increase of nearly 78%, heading straight for the $4 mark. But then, it fell nearly 30%, catching many retail investors who followed the trend off guard.

A close look at the trading volume shows that this decline was mainly due to early participants taking profits at high levels, combined with some stop-loss orders being triggered collectively. However, this is not panic selling; rather, it reflects the market’s rational pricing process—those who need to leave do so, and those who stay are genuinely optimistic.

From a technical perspective, if MYX continues to decline, the $4.61 level could become a key support. If it can hold this level and the market sentiment remains unchanged, breaking through the $4 to $4.5 consolidation zone will only be a matter of time. If these conditions align, there’s even a chance to take another step up, aiming for double-digit prices is not a dream. Of course, all this still depends on the overall market trend.