Key Notes

The rally is fueled by the upcoming V2 protocol upgrade, major token listings like WLFI, and record derivatives activity on MYX Finance platform.

Analysts warn of extreme overbought conditions for MYX price, suggesting potential profit-taking.

The Wyckoff Theory shows that the accumulation phase is over and the distribution phase will begin soon.

MYX, the native cryptocurrency of MYX Finance, has surged by a whopping 1240% on the weekly chart, hitting a new all-time high of $17.94 earlier today.

On September 9, its market cap surged to $3.35 billion, hitting a massive gain from under $200 million, a week before.

MYX, is the native cryptocurrency of non-custodial derivatives exchange, MYX Finance, which has been in the limelight recently.

What’s Behind the MYX Finance Price

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