MYX Finance's token has risen approximately 11% in 24 hours, breaking through the key $4 resistance level and ending weeks of consolidation. Although momentum indicators such as the bull-bear strength (1.236) appear bullish, holder data shows divergence: spot holders have decreased to 56,800, while derivatives exchange holders have risen to over 1.6 million, indicating traders are more inclined toward leveraged trading. The weekly perpetual contract trading volume on the decentralized exchange (DEX) exceeds $1.92 billion, mainly concentrated on BSC exchanges, with total value locked (TVL) also rebounding to around $33 million. Whether it can continue to rise to $9 depends on whether it can hold the $4 support level and whether spot trading volume can keep up.
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MYX Finance's token has risen approximately 11% in 24 hours, breaking through the key $4 resistance level and ending weeks of consolidation. Although momentum indicators such as the bull-bear strength (1.236) appear bullish, holder data shows divergence: spot holders have decreased to 56,800, while derivatives exchange holders have risen to over 1.6 million, indicating traders are more inclined toward leveraged trading. The weekly perpetual contract trading volume on the decentralized exchange (DEX) exceeds $1.92 billion, mainly concentrated on BSC exchanges, with total value locked (TVL) also rebounding to around $33 million. Whether it can continue to rise to $9 depends on whether it can hold the $4 support level and whether spot trading volume can keep up.