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<h3>Fireline Report</h3>
<p>MYX is an emerging DeFi project. Binance Alpha is opening its second phase of airdrops, sparking heated community debate about whether the price can return to $5 after the pullback. The divergence between bulls and bears is intensifying, with short-term holdings swirling around in the market and major players showing a clear wait-and-see attitude.</p>
<h3>Trading Guide</h3>
<p>Driven by events, pay attention to the $4.2 support before the airdrop is launched. If it fails, the short-term risk will increase, and the end of the airdrop may trigger a new round of volatility.</p>
<p style="margin-top: 20px; text-align: left; opacity: 0.4; padding: 0 42px"><small>Updated at 10-21 01:20</small><br><small>AI-generated summary, not investment advice</small></p></div>

<h1>Can MYX Finance return to the $5 mark? Analysis</h1><h2> Core Conclusion</h2><p> <strong>Current Price</strong> : $2.67 (down 8.5% in 24 hours, down 19.23% in 7 days)</p><p> <strong>Reaching the $5 target requires</strong> : <strong>75.4% growth</strong> , with a low probability of 15-20%</p><p> After a roughly 85% correction from its all-time high of $17.83 in September, MYX faces multiple obstacles as it attempts to reach $5. While the technicals suggest a bearish structure, community confidence has been damaged by the airdrop scandal, the protocol&#39;s fundamentals offer some positive signs.</p><h2> Technical Analysis</h2><h3> Key resistance levels</h3><table><thead><tr><th> Price range</th><th> Resistance properties</th><th> Breakthrough difficulty</th></tr></thead><tbody><tr><td> $2.96-$3.00</td><td> Short-term technical resistance + short liquidation zone</td><td> 🔴 High</td></tr><tr><td> $3.75</td><td> Daily EMA (12) dynamic resistance</td><td> 🔴 Very high</td></tr><tr><td> $5.00-$5.95</td><td> Psychological key level + EMA(26)</td><td> 🔴 Very High</td></tr></tbody></table><h3> Current status of technical indicators</h3><ul><li> <strong>RSI</strong> : 37 in 4 hours, 34 in daily chart (oversold area, supports short-term rebound)</li><li> <strong>MACD</strong> : Histogram turns positive (0.0098), but overall remains negative</li><li> <strong>Moving Average System</strong> : The price is below all key moving averages, and the trend is completely bearish. <reference tool_id="call_45916951" category="heatmap" project="MYX" description="MYX OI USD and 24h change percent by exchange at 2025-10-20 01:37 UTC"/></li></ul><h3> Derivatives data</h3><ul><li> <strong>Open interest</strong> : $34.3M (down 10.7% over 24 hours)</li><li> <strong>Liquidation risk</strong> : $420,000 in cumulative long liquidations below $2.68, and $1.3 million in short liquidations above $3.01 <reference tool_id="call_19824402" category="mix_bar_line_liquidation" project="MYX" description="MYX liquidation risk map by price level and exchange (1d period) at 2025-10-20 01:38 UTC"/></li></ul><h2> Fundamental analysis</h2><h3> Protocol health</h3><p> MYX Finance, as a perpetual contract DEX, shows good fundamental indicators:</p><ul><li> <strong>TVL</strong> : $27.3M (over 10x growth from $2-3M in January) <reference tool_id="call_44313862" item_id="d92c7ae2-9984-43df-b5b9-82bfb7e65591" category="bar_tvl" project="MYX Finance" description="MYX Finance protocol TVL from 2025-01-06 to 2025-10-20"/></li><li> <strong>Daily income</strong> : $4,072 (almost zero before September, now stable at $1,000-2,000/day) <reference tool_id="call_39298154" item_id="7312b279-ee7e-4df0-b232-f710dd32aa8f" category="bar_fees" project="MYX Finance" description="MYX Finance protocol fees and revenue from 2025-01-06 to 2025-10-20"/></li><li> <strong>Trading activity</strong> : 24-hour trading volume $57.96M</li></ul><h3> Token Economics Risks</h3><table><thead><tr><th> Risk factors</th><th> Impact</th><th> Details</th></tr></thead><tbody><tr><td> Low circulation rate</td><td> 🔴 High</td><td> Only 19.08% of the tokens are in circulation, with huge potential selling pressure.</td></tr><tr><td> Team Unlock</td><td> 🔴 High</td><td> 20% team allocation, 3-year release period</td></tr><tr><td> Institutional Unlock</td><td> 🔴 Medium</td><td> 17.5% institutional allocation, release schedule unclear</td></tr></tbody></table><h2> Community sentiment analysis</h2><h3> Current emotional state</h3><p> <strong>Overall sentiment</strong> : 🔴Extremely <strong>pessimistic</strong></p><p> Community sentiment has shifted sharply from early bullish hype to bearish due to:</p><ol><li> <strong>Airdrop Sybil Scandal</strong> : On September 10th, the largest potential Sybil attack was exposed, where a single entity controlled 100 wallets and obtained 9.8 million MYX (approximately 1% of the supply).</li><li> <strong>Trust crisis</strong> : The community accuses the team of insider trading, and the project&#39;s vague response exacerbates suspicions.</li><li> <strong>Engagement</strong> : Controversial content receives high engagement, but lacks strong defense from the project owner.</li></ol><p> There was almost no discussion of the $5 price target, indicating that this price point is not a focus of the community.</p><h2> Price prediction evaluation</h2><h3> Short-term outlook (1-3 months)</h3><p> <strong>Probability of reaching $5: 15-20%</strong></p><p> <strong>Supporting factors:</strong></p><ul><li> RSI is oversold, technical rebound is possible</li><li> TVL remains stable, protocol usage rises</li><li> New exchanges such as Kraken go online to increase liquidity</li></ul><p> <strong>Resistance factors:</strong></p><ul><li> Bearish technical structure intact</li><li> Community confidence severely damaged</li><li> Multiple technical resistance levels are concentrated</li></ul><h3> Medium-term outlook (3-12 months)</h3><p> <strong>Probability of reaching $5: 40%</strong></p><p> <strong>Positive scenario:</strong></p><ul><li> Solana ecosystem recovers overall</li><li> Capital inflow into the perpetual contract track</li><li> Short squeeze breaking $3.00 triggers chain reaction</li></ul><h2> Key monitoring indicators</h2><p> <strong>Bullish signals:</strong></p><ul><li class="task-list-item"><input class="task-list-item-checkbox" type="checkbox" disabled/>Breakout above $3.00 on high volume</li><li class="task-list-item"><input class="task-list-item-checkbox" type="checkbox" disabled/> Open interest rebounds &gt;5%</li><li class="task-list-item"><input class="task-list-item-checkbox" type="checkbox" disabled/> TVL exceeds $30M</li><li class="task-list-item"><input class="task-list-item-checkbox" type="checkbox" disabled/> Daily income is stable over $5K</li></ul><p> <strong>Bearish signal:</strong></p><ul><li class="task-list-item"><input class="task-list-item-checkbox" type="checkbox" disabled/>Breaking below $2.66 support</li><li class="task-list-item"><input class="task-list-item-checkbox" type="checkbox" disabled/> TVL below $25M</li><li class="task-list-item"><input class="task-list-item-checkbox" type="checkbox" disabled/> Further token unlocking news</li></ul><h2> Investment Advice</h2><p> <strong>Risk Rating</strong> : 🔴 <strong>High Risk</strong></p><p> <strong>Strategic recommendations</strong> :</p><ol><li> <strong>Cautious wait-and-see</strong> : Wait for confirmation of a breakout above $3.00 before considering participation</li><li> <strong>Build positions in batches</strong> : If you participate, it is recommended to test a small position in the $2.50-2.70 range</li><li> <strong>Stop-loss setting</strong> : Strict stop-loss at $2.40 to protect capital</li></ol><p> <strong>Conclusion</strong> : MYX&#39;s return to $5 requires the simultaneous emergence of multiple positive factors, including a technological breakthrough, restored community confidence, and overall market support. The probability is currently low, so we recommend prioritizing risk management.</p>
