$MYX USDT has shown strong recovery behavior after a volatile session, trading near 5.94 following a 26% daily gain. The price previously peaked around 6.08 before pulling back, which indicates that sellers became active near that resistance zone. Despite the pullback, $MYX has managed to stabilize above the 5.90 area, suggesting that buyers are still defending key levels.
The current structure reflects a consolidation after expansion, often seen when the market digests recent gains. Price action shows alternating bullish and bearish candles, signaling indecision rather than outright weakness. This is typically a sign of balance forming, especially after a sharp move. The 5.90–5.92 region has emerged as a critical support, and as long as this area holds, the broader bullish structure remains valid.
Volume remains healthy, indicating continued trader interest and liquidity. The fact that price has not collapsed after rejecting from 6.08 suggests that selling pressure is being absorbed rather than accelerating. If MYX can reclaim 6.00 with strength, a renewed attempt toward 6.08 and potentially higher levels could follow.
Conversely, a clean break below 5.90 would shift short-term momentum and could open a move toward 5.75–5.80, where buyers may re-enter. Overall, $MYX USDT is in a critical decision zone, and the next breakout or breakdown from this consolidation will likely define the next intraday trend.
