Wow, MYX just made a crazy move. Just look at the trading volume that has surged dramatically, this isn't just a small pump but there is serious market participation. The price has risen from a strong support at the lower level, and now it's aggressively expanding to higher levels. It seems traders are starting to believe that MYX USDT has potential. But what's interesting is that leverage is also skyrocketing, with open interest increasing significantly before dropping again. This indicates that many risky positions entered during this rally, not just regular spot buyers. RSI has reached 69, so buying pressure is quite strong but also in the overbought zone. This means momentum could slow down at any time. What worries me a bit is seeing tokens start flowing to exchanges, an early sign that some people are taking profits. If supply continues to increase at high levels, selling pressure could emerge. MYX USDT could continue to rise if demand remains strong, but with high leverage and signs of distribution starting to appear, volatility could increase drastically. It's important to watch whether buyers are still strong or starting to get exhausted at this level.

MYX-0.66%
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