MYX has shown a remarkable rise over the past 24 hours, and I see it mainly happening for two reasons - a bounce from a strong support level and an explosion in leveraged trading. The price has surged sharply from around $0.196, indicating that buyers were really prepared to defend this level. Since then, volume has increased by over 300%, which is very significant.

My concern with leverage is because open interest during the rally increased by 152%, reaching $61.98 million. This means not only spot buyers but also derivative traders are involved in this movement. But then it dropped back to $40 million, which suggests some positions are being unwound. Such rapid changes can be risky.

The RSI has reached 69, which is very high and indicates that the price has risen very quickly. This means there could be some correction at certain points. I was looking at data on CoinGlass, and the net flow was positive, meaning tokens were entering exchanges - which usually increases selling pressure.

So the point here is whether MYX can sustain this growth depends on whether demand from new buyers continues. Both leverage and supply pressure are now in play. The current price is $0.25, but if momentum wanes, a quick reversal could happen. Using tools like CoinGlass to track open interest and net flow helps understand this movement.