MYX Finance Surges 23% on Binance Listing Speculation and Technical Breakout

MYX Finance (MYX) rallied more than 23% in the past 24 hours, leading all top 100 cryptocurrencies by market cap and erasing its weekly losses to post a 19% gain on that scale, according to CoinMarketCap data. This outperformance came amid a broader market downturn, with total crypto capitalization falling below the $3 trillion mark, losing about 5%.

The surge is primarily fueled by speculation of a potential Binance listing in December, which has heightened trader optimism. Historically, the launch of MYX perpetual futures has preceded spot listings, adding weight to the rumors.

Technically, the price broke above the $3 resistance level after over 10 days of consolidation in November. Key indicators like the MACD flipped green, and the On Balance Volume (OBV) spiked past $11 billion, indicating strong buying pressure. At press time, MYX was trading around $3.50, with bulls testing this resistance zone despite sell pressure.

Open Interest (OI) for MYX derivatives surged from $1.33 million to over $3.80 million—a more than threefold increase in a day—reflecting heightened trader positioning and speculation. Perpetual volume remained consistent around the $300 million mark, underscoring sustained activity.

Support levels are identified in the $2.59–$2.31 range, with key resistance at $3.05 and $3.50. If the momentum holds and the price breaks above $3.50, further upside could be anticipated in December, especially with catalysts like the V2 upgrade teasers adding to the positive sentiment.