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intrinsic
Crypto Newbie
01-12 23:29
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MYX Finance's token surged approximately 11% in 24 hours, breaking through the key $4 level and ending weeks of consolidation. While momentum indicators such as Bull & Bear Force (1.236) appear bullish, holder data reveals a divergence: spot holders have decreased to 56,800, while derivatives exchange holders have climbed to over 1.6 million, suggesting traders are favoring leveraged trading. The decentralized exchange (DEX) saw weekly perpetual contract trading volume exceed $1.92 billion, primarily concentrated on the BSC exchange, and its total value locked (TVL) has also rebounded to approximately $33 million. Whether it can sustain its rise to $9 depends on holding the $4 support level and whether spot trading volume can keep pace.
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MYX
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