MYX Nears ATH but Why It Could Be Headed for a Crash Soon

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MYX Finance, that relentless digital beast, has been on a tear this week-surging by 22% and inching ever closer to its all-time high (ATH). As if it’s some kind of miraculous hero in a fast-paced crypto drama.

But hold on, dear reader. This sharp rise, like so many before it, smells like a trap. Investors are clinging to their hopes like a child to a candy bar, but let’s not forget what history has to say about such explosive upward movements.

Traders Are Caught in a Bearish Tango

The bravest among the traders are not basking in the glory of this rally-they are preparing for a correction, eyes wide open to the possibility of the ground falling out from beneath them. Funding rates? Oh, they’re at their lowest in nearly a month. And what does that mean? The shorts are out in force. Yes, the bears are grinning at the door, ready for the fall.

This shift toward short contracts is no coincidence. MYX may be soaring, but the truth is, traders are hedging their bets. They’re not in it for the long ride. They expect the price to plummet as profit-taking kicks in. So, if the selling pressure gets real, don’t be surprised when this party hits a hard wall at those all-time highs.

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Let’s talk about those broader signals for a moment. If MYX takes a leap and hits its ATH of $18.91, approximately $12.89 million in short contracts could get liquidated. Yes, you read that right. When traders lose, they lose big. It’s like watching a giant domino fall. It could mean chaos. The volatility is deliciously unpredictable.

But, oh, the sweet irony. Those liquidations? They could actually *help* MYX in the short term. Forced buying could push prices up momentarily-because let’s face it, a little panic buying never hurt anyone (except the short sellers). Yet, despite this brief surge, skepticism still reigns. What a beautiful, messy tug-of-war!

Can MYX Hit a New ATH, Or Will It Fall Flat?

As I sit here writing this, MYX is at $18.22 after a 30% rise in just 24 hours. I’m sure the bulls are salivating, thinking this could be their time. The token hit a new ATH just yesterday, and now, it’s almost touching that golden threshold again, ready for another push upwards.

But there’s that ever-present shadow of reversal hanging over it. As history has shown, once tokens enter the glorious land of ATHs, they can quickly shift from accumulation mode to full-on profit-taking. One quick sell-off, and MYX could tumble back to $11.52, maybe even lower-erasing the sweet gains made in a matter of hours.

But don’t count MYX out just yet. If the holders hang on tight and refuse to give in to the selling pressure, the coin could smash through that ATH of $18.91 and sail past $20.00. A move like that would throw the bears into chaos and set up MYX for another bullish run. Now, wouldn’t that be a delicious plot twist?

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2025-09-10 23:37