MYX Finance (MYX) stock price experienced a sharp reversal. Initially soaring approximately 78% from around $2.20 to a high near $4.00, it then declined nearly 30%. This decline was mainly triggered by short-term traders taking profits and stop-loss triggers. The surge in trading volume indicates that investors are taking rational exits rather than panic selling. Technical indicators show that the stock may test the $4.61 support level. To break through the $4.00-$4.50 range and continue rising, and if the market environment remains stable, it is expected to reach $10.
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MYX Finance (MYX) stock price experienced a sharp reversal. Initially soaring approximately 78% from around $2.20 to a high near $4.00, it then declined nearly 30%. This decline was mainly triggered by short-term traders taking profits and stop-loss triggers. The surge in trading volume indicates that investors are taking rational exits rather than panic selling. Technical indicators show that the stock may test the $4.61 support level. To break through the $4.00-$4.50 range and continue rising, and if the market environment remains stable, it is expected to reach $10.