MYX Finance Price Explodes 87% as V2 Upgrade Fuels Strong Market Momentum

MYX Finance has captured significant market attention after its price posted an explosive rally over the past 24 hours, surging by nearly 87% at its peak. The sharp upside move is largely driven by growing anticipation surrounding the upcoming MYX Finance V2 upgrade, which is expected to introduce instant perpetual market creation. This anticipated functionality has reignited investor interest, accelerating demand and pushing MYX price sharply higher.

On-chain data and trading volume suggest that the rally is supported by genuine accumulation rather than short-lived speculation. The On-Balance Volume (OBV) indicator recorded a notable spike alongside the price increase. Prior to the breakout, OBV had been trending upward steadily, signaling sustained accumulation by market participants. This gradual buildup reflects growing conviction among MYX holders, and when the price finally accelerated, volume followed decisively, confirming broad-based participation.

Such alignment between MYX price action and volume often points to healthier rallies, as capital inflows support continuation rather than abrupt reversals caused by thin liquidity. Sustained volume expansion reduces the risk of immediate exhaustion, showing that buyers are willing to transact at higher price levels. This behavior strengthens confidence in MYX Finance’s long-term growth narrative and suggests the rally is underpinned by real market engagement.

Momentum indicators add nuance to the outlook. The Relative Strength Index (RSI) has climbed above the 70 level, placing MYX in overbought territory. While this traditionally signals potential pullbacks, MYX Finance has historically sustained strong rallies despite elevated RSI readings. Previous surges in August and September 2025 saw gains exceeding 1,600% and 900% respectively without immediate corrections, indicating that RSI alone may not signal exhaustion during strong narrative-driven phases.

At the time of writing, MYX trades near $6.12 after briefly reclaiming the $7.00 level for the first time in roughly three months. The breakout from a long-standing ascending channel strengthens the bullish structure. If MYX can establish $7.00 as support, further upside toward $8.90 and the psychological $10.00 level remains possible. However, increased profit-taking could introduce downside risk, with a drop below $5.83 potentially opening the door to a deeper retracement toward $4.54.