MYX Finance has demonstrated strong recovery momentum, breaking decisively above the $0.215-$0.230 demand zone after reclaiming multiple resistance levels. According to reports from AMBCrypto, the price collapsed from nearly $0.28 to a panic-driven low around $0.165 on May 23rd, triggering a high-volume liquidity sweep that flushed weaker sellers from the market. However, selling pressure faded quickly afterward, allowing buyers to regain control and transform the trend structure.
At press time, MYX traded near $0.252, up 6.85% on the session, while pushing into open space beneath the major $0.28-$0.30 supply region. As reported by AMBCrypto, momentum indicators support the advance with RSI climbing to 72.3, reflecting strong buying pressure, while the MACD continued to accelerate higher with a bullish crossover. This behavior suggests accumulation has replaced the previous markdown phase as buyers steadily absorb available supply.
The recovery that began from MYX's $0.159 capitulation low has successfully defended key Fibonacci levels, establishing a foundation for sustained recovery. According to AMBCrypto analysis, buyers successfully defended the 23.6% ($0.188), 38.6% ($0.207), and 50% ($0.224) Fibonacci levels, with the 50% retracement aligning closely with the $0.222 demand zone. The price has now reclaimed the 61.8% retracement at $0.241 and surged toward the 78.6% level at $0.265, trading near $0.257 after a 9.2% daily gain.
Momentum indicators continue to favor bulls with RSI climbing to 73.9 without bearish divergence, while the MACD histogram keeps expanding higher. As reported by AMBCrypto, a successful break above the 78.6% retracement would place MYX directly beneath the major $0.275-$0.295 distribution zone. That region capped rallies throughout April and May, making it the final obstacle before a complete structural recovery toward the previous $0.285 swing high. A healthy retest of the $0.23 region could strengthen support further, while sustained buying pressure may eventually challenge the $0.28-$0.30 resistance band.
