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MYX rebounds 29% after brutal selloff: what’s driving the bounce?

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MYX rebounds 29% after brutal selloff: what’s driving the bounce?
  • MYX rebounds 29% after heavy losses, driven by V2 partnership news.
  • Trading volume surges; whales and institutions show bullish signals.
  • The immediate key levels to watch out for are the support at $0.441–$0.430 and the resistance at $0.546.

MYX Finance has surprised many traders by climbing nearly 29% in the last 24 hours.

This comes after a brutal 91% drop over the past month, which left the coin trading near historically low levels.

What sparked the MYX Finance price rebound?

The most immediate driver appears to be MYX’s partnership with Consensys to launch MYX Finance V2 after a successful funding round.

The upcoming V2 upgrade promises gasless trading and 50x leverage, features that can attract both retail and institutional traders.

The news has been framed as a “comeback,” and it has sparked genuine buying interest, not just speculative chatter.

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Technical factors are also playing a role.

MYX has been bouncing off extreme lows, and the sudden increase in trading volume confirms strong participation in the rebound.

The 24-hour volume surged to over $55 million, suggesting that bargain hunters and momentum traders are stepping in.

Indicators like the Relative Strength Index (RSI), which is oversold, hint at the selling pressure easing, signalling the end of capitulation.

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MYX Finance
MYX Finance price chart | Source: TradingView

This combination of fundamental and technical drivers has created a near-term bullish environment.

MYX price technical analysis

After climbing above the $0.49 level, MYX is now consolidating rather than extending its breakout.

Market watchers expect the token to trade in the $0.50 to $0.60 range in the near term.

A sustained pickup in buying interest, particularly if supported by larger capital inflows, could open the door for a move toward $0.70.

If participation from larger investors increases, price swings could become more pronounced, with upside levels around $1, $1.50 and potentially $2 coming into focus.

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At the same time, the risk of sharp pullbacks remains.

Such declines are common in volatile markets and are often viewed as part of normal price discovery, where weaker positions are forced out, and liquidity is absorbed by larger participants.

Despite the possibility of short-term setbacks, the broader structure is seen as gradually constructive.

Upcoming risks

Traders should be aware of a key event risk.

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On March 6th, about 9.72 million MYX tokens will unlock, worth roughly $9.67 million.

This could create short-term selling pressure as holders choose to liquidate some of their positions.

It is an important factor to watch alongside technical levels and the V2 launch.

MYX price forecast

For short-term traders, the near-term support is around $0.441–$0.430.

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On the upside, the first resistance lies at $0.546, the previous swing high.

If the price breaks above this level, gains could extend toward $0.570 and potentially beyond.

On the downside, failure to hold $0.430 could see MYX revisit $0.405.

For now, consolidation above $0.49 sets the stage for a gradual upward move, while the V2 launch and new capital entering the market could trigger sharper rallies.

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Crypto World

CFTC Staff Share FAQ on Crypto Collateral

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CFTC Staff Share FAQ on Crypto Collateral

The US Commodity Futures Trading Commission has given more details on its expectations for the use of crypto as collateral amid a pilot program that the agency launched last year.

In a notice on Friday, the CFTC’s Market Participants Division and Division of Clearing and Risk responded to frequently asked questions that emerged from two staff letters issued in December that established a pilot allowing crypto to be used as collateral in derivatives markets.

The notice reminded futures commission merchants wanting to take part in the pilot that they must file a notice with the Market Participants Division “which includes the date on which it will commence accepting crypto assets from customers as margin collateral.”

The crypto industry has argued that crypto technology is best suited for 24-7 trading and instant settlement, and the CFTC’s guidance in December clarified what tokenized assets can be used as collateral, along with how to value them and calculate how much is needed for a trading position.

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CFTC aligns guidance with SEC

The CFTC made clear its guidance was to align with the Securities and Exchange Commission, as the two agencies work together on a regulatory framework for crypto.

The CFTC said that capital charges, the amount that must be held to cover losses, would be “consistent with the SEC” and that futures commission merchants should apply a 20% capital charge for positions in Bitcoin (BTC) and Ether (ETH), while stablecoins should get a 2% charge.

Source: Mike Selig

The notice added that futures commission merchants taking part in the pilot can only accept Bitcoin, Ether, or stablecoins for the first three months and must give prompt notice of any significant cybersecurity or system issues. They must also file weekly reports of the total crypto held across customer account types.

After the three-month period, other cryptocurrencies can be accepted as collateral and the reporting requirements will end.

Related: SEC interpretation on crypto laws ‘a beginning, not an end,’ says Atkins

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The notice also clarified that “only proprietary payment stablecoins may be deposited as residual interest in customer segregated accounts” and that futures commission merchants can’t accept other cryptocurrencies for that purpose.

The CFTC said that crypto and stablecoins cannot be used for collateral of uncleared swaps, but swap dealers can use tokenized versions of an eligible asset if it meets regulatory requirements and grants the holder the same rights in its traditional form.

Meanwhile, derivatives clearing organizations can accept crypto and stablecoins as initial margin for cleared transactions if they meet CFTC requirements regarding minimal credit, market, and liquidity risks.

Magazine: How crypto laws changed in 2025 — and how they’ll change in 2026

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