MYX rallies 12% – Can bulls control $6.12 resistance?

MYX is again within the headlines. It surged 12% on the twenty second of January, topping the listing of gainers. 

Supply: X

Because the starting of 2026, MYX surged over 96%, with a quick retrace. Regardless of this, it remained up over 63% for the yr on the time of writing.

The coin had a powerful efficiency in 2025, wanting again to its all-time excessive (ATH) of $19.90. However what brought on this 12% rally?

V2 Airdrop’s reward distribution fuels MYX

On the eighth of January, MYX launched its largest airdrop so far, distributing 5 million MYX tokens (value roughly $29.45M) and 5 million ZKP tokens.

The distribution focused early customers who engaged with the platform earlier than the V2 replace.

The airdrop incentivized consumer loyalty and attracted new individuals, decreasing promote stress by encouraging holders to maintain their positions. How did this airdrop immediately influence MYX’s worth surge?

The market noticed elevated demand for MYX Finance [MYX] tokens because of the airdrop, driving the bullish motion. This technique acted as a catalyst for MYX’s 12% rally.

But, the long-term influence will depend on how these tokens are dealt with within the secondary market. May the rally proceed post-claim?

MYX exhibits large power

MYX Finance [MYX] accomplished a bullish double backside formation, a sign of large power. After reaching $7.20, it shaped the primary backside, and the second backside now performed out.

Ought to MYX break resistance at $6.12, the double backside sample might drive it greater. 

Supply: TradingView

Wanting forward, breaking resistance might push MYX to $7.30, confirming the bullish development. Merchants are ready for affirmation that the rally has legs.

Liquidity surrounds $7.60: Will it act as a magnet?

MYX’s liquidity heatmaps revealed respectable clusters forming round $7.60 on greater timeframes. These zones are sometimes focused by market makers, and if MYX breaks resistance, it might set off a rally. 

Supply: CoinGlass

If MYX clears the resistance, it might check new highs. Nonetheless, failure to interrupt $6.12 resistance might invite a pullback, difficult help at $4.40.

Potential threat: Will MYX handle to remain above $4.40?

Regardless of the bullish outlook, MYX wanted to carry above $4.40, which turned an important help stage. If it failed to take care of this stage, it risked retracing deeper.

The MACD confirmed growing bullish momentum with a rising histogram, confirming upward stress.

Moreover, the RSI was at 63.19, indicating that MYX was within the impartial to bullish zone, with room for additional positive factors.

Merchants intently monitored these indicators, as a failure to take care of help at $4.40 might have weakened the bullish momentum and restricted MYX’s upside potential.

Ultimate Ideas

• MYX’s rally was closely influenced by the V2 airdrop, which elevated demand and diminished promote stress.
• The bullish double backside formation recommended additional positive factors, however $4.40 remained the essential help stage.