I noticed that MYX has surged significantly in the past few hours, with the coin rising over 100% while trading volume exploded upward, tripling in one day. This is not a typical movement; it signals that something has changed in market behavior. The price moved away from that boring consolidation at lower levels and started to expand strongly, with genuine buyers entering.

What caught the most attention was the massive increase in leverage. Open Interest shot up 152% to nearly $62 million before pulling back a bit, showing that not only spot buyers entered but also derivatives traders seeking to capitalize on the volatility. This is a sign of growing confidence but also brings risk because when leverage gets too high, any contrary move can trigger cascading liquidations.

The price rebounded strongly from an important support around $0.196, confirming that this zone is truly a solid base. The RSI rose to 69, close to overbought, reflecting the intensity of the rally. But here’s the delicate point: signs are already appearing that some participants are moving tokens to exchanges, probably to take profits after the surge. Inflows of $2.87 million indicate emerging supply at higher levels.

Currently, MYX is at $0.24 with a roughly 5% retracement in the last 24 hours, suggesting that the euphoria peak has already passed. The question now is whether it can sustain this level or if the combination of high leverage and selling pressure begins to weigh down. If demand holds, it could consolidate at higher levels, but volatility is expected to increase significantly from now on, especially with so much leveraged positioning at play.