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MYX Finance jumps 13% after breaking out of a month-long triangle pattern amid strong trader leverage.

Technical Signals
05 Aug 2026
AMBCrypto
View Source
Bullish
pluang ai news

MYX Finance surged over 13% in 24 hours following a breakout from a triangle consolidation that lasted more than a month. The breakout was confirmed by multiple retests of resistance at $0.07226, driven by bullish trader activity on Binance with a high long-to-short ratio. Increased trading volume and leveraged long positions caused a short squeeze, amplifying gains. While resistance near $0.09 remains a challenge, breaching it could push MYX toward $0.12 and possibly $0.1582, though continuation depends on overall crypto market conditions.

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