MYX Finance Soars 24% Amid ByBit Perpetual Contract Listing – Bulls Eye $2.50

Highlights:

• MYX Finance price surges 24% to $1.97, as trading volume soars 28%.
• The rally comes following MYX/USDT obtaining a perpetual contract on Bybit.
• Technical indicators show a possible rally to $2.50.

The MYX Finance price is showing impressive bullish momentum after rallying 24% to $1.97. Its daily trading volume has notably spiked 28%, indicating heightened investor confidence. The MYX token is now boasting a 1,818% rise over the past week and a whopping 1,671% in a month. 

The recent surge comes as MYX Finance obtained a perpetual contract on Bybit. The contract has been structured to offer traders the opportunity to gain exposure to the MYX/USDT market. The maximum leverage that can be used is 25x. It is another exciting milestone for MYX Finance, and traders will have the opportunity to explore this new contract within Bybit’s innovation zone.

🚀 $MYXUSDT Perpetual Contract is now LIVE on Bybit Contract with @MYX_Finance!

Trade $MYXUSDT with up to 25x Leverage: https://t.co/s5k42cEjO9 pic.twitter.com/6HGZMe5syf

— Bybit Alpha (@BybitAlpha) August 5, 2025

This growth is supported by the MYX Finance derivatives data. As indicated in the data presented, there has been an impressive 31.35% growth in volume at MYX Finance, reaching 9.00B. Similarly, the open interest has increased by 19.94% to $ 130.01 million. This data indicates a growing market interest in MYX, thereby enhancing its performance in the crypto derivatives market.

Moreover, the long/short ratio on the MYX/USDT market (over the last 24 hours) is equal to 0.99, indicating an equal mood among traders. The market mood may be reflected in the Binance MYX/USDT statistics, where the long/short ratio of the accounts used is 0.527, indicating a neutral but bullish trading bias. 

MYX Finance Price Spike to New High – Can the Bulls Sustain the Momentum?

MYX Finance price action is forming a potential parabolic curve, a signal of explosive momentum. In the 4-hour chart outlook, the MYX token has reached an All-Time High (ATH) of $2.08 before retracing to its current price levels at $1.91.

The price of MYX Finance is trading above both the 50 and 200 Simple Moving Averages (SMAs) on the 4-hour chart, which supports the overall bullish outlook. If the $0.38 and $0.16 support zones hold strong, MYX Finance could be poised for further growth. 

The Relative Strength Index (RSI) is at 71.43, placing it in overbought territory. This reflects intense buying pressure but also warns of a potential short-term pullback. Meanwhile, traders should be cautious and keep a close eye on the RSI to avoid the bull trap.

Meanwhile, the Moving Average Convergence Divergence (MACD) remains strongly bullish, with the blue MACD line (0.4185) above the orange signal line (0.3001). Moreover, both have spiked above the neutral line (0.0000), indicating an intense bullish grip. However, the histogram indicates a slight decline in momentum, suggesting possible consolidation.

MYX Could be Gearing for Further Upside

The 24% surge could signal the start of a rally, especially with the recent Bybit listing. A break above $2.08 might send the MYX Finance price to $2.50 or higher. However, a drop below $1.78 could trigger a retreat to $1.44. Trading volume is also spiking, with a 28% surge in the last 24 hours, suggesting strong buying pressure that confirms the bulls are in the order books.

In the short term, the MYX price may continue the rally to $2.00-$2.30, if momentum holds, but traders will want to watch those support levels around $1.78. If the price closes below this level, the token may drop lower, as the RSI shows a potential pullback.