MYX Finance has entered 2026 with a sharp move that few expected. The token is up nearly 85% on January 3 alone, jumping from around $4 to just under $7. On a weekly scale, MYX has gained over 100%, building on smaller increases seen in November and December.
Not the First Time for MYX
Although this type of price movement might seem unusual, MYX has shown similar behavior before. In September 2025, it moved from just over $1 to above $15 within a few days. That rally eventually led to an all-time high of $19.01. But what followed was a period of strong volatility, with sharp drops and rebounds, additionally fueled by airdrop controversy. Even after today’s surge, the price remains about 63% below that high.
Given MYX’s history of large daily movements, the current spike could be the start of another fast-paced cycle. The pattern seen last year suggests that periods of strong interest are sometimes followed by major corrections.
Read about previous movements of MYX: MYX Finance Enters Top 35 After 1,500% Week – But Swings Are Getting Wild
V2 Upgrade
One reason for the renewed interest in MYX is the upcoming V2 upgrade. The development team has been hinting at this for weeks. The new version is expected to introduce cross-chain margin support and compatibility between EVM and non-EVM blockchains. If delivered as promised, this could expand MYX’s reach across different networks and attract more users to its platform.
Some traders likely see this upgrade as a major technical improvement and are preparing ahead of its release. While MYX had already been gaining in the past two months, today’s rally is the strongest move in recent memory.
Read also: Crypto in 2025: A Year of Highs, Crashes, and Long-Term Shifts
Technical Indicators Flashing Overbought
The current breakout has pushed MYX well above all key moving averages. The Awesome Oscillator shows positive momentum, confirming bullish pressure. However, other indicators suggest caution.
The Relative Strength Index (RSI) has entered overbought territory at 89, a level that often leads to short-term pullbacks. MYX’s price is also trading significantly above the upper Bollinger Band, another signal that the asset may be overheating in the short term. That said, similar technical conditions were also present during MYX’s September rally, which did not stop the price from climbing further.
Read also: How to recognize a crypto presale scam? Full guide
What Comes Next?
It’s not yet clear whether this rally will hold or fade like previous ones. MYX’s history suggests that strong moves can be followed by corrections just as sharp. But if interest in the V2 upgrade continues to grow, the current price may not be the end of the move.
