MYX Finance and Plasma Lead Market Gains
MYX Finance (MYX) and Plasma (XPL) showed strong gains in the last 24 hours. MYX rose 7% on Tuesday, adding to a 27% increase the day before. This marks two days of recovery for MYX, which now aims to pass the 50-day Exponential Moving Average (EMA) at $7.98. If it breaks this level, MYX could rise above $10, targeting $10.53 from the September 15 close.
However, technical indicators show some resistance. The Relative Strength Index (RSI) is at 42, below the midpoint, and the Moving Average Convergence Divergence (MACD) signals bearish momentum. If MYX fails to break resistance, it may fall back to $4.46, with $2.45 as the next support level.
Plasma (XPL) is also gaining, up over 2% on Tuesday after a 12% rise on Monday. This is Plasma’s third day of gains following a 36% drop last week. XPL has passed the $1.00 mark and is nearing $1.09, the high from October 1. A close above $1.09 could push XPL to $1.39, a support level from late September.
Momentum for Plasma is strong. The 4-hour RSI is at 64, close to overbought, and the MACD has crossed above zero, showing bullish momentum. If XPL falls below $1.00, it might test support at $0.85.
Mantle Hits Record High, Then Pulls Back
Mantle (MNT) reached a new record high of $2.48 on Monday after a 17% jump. On Tuesday, it dropped over 3%, pulling back from the $2.47 resistance level. A close above this resistance could push MNT to $2.99.
The daily RSI is at 70, indicating strong buying pressure. The MACD supports the uptrend, showing rising bullish momentum. If prices fall, MNT may test support at $2.11.
PancakeSwap Continues Rally After Breakout
PancakeSwap (CAKE) stayed above $3.75 on Tuesday after a nearly 17% gain on Monday. The price bounced from $3.165 and aims for $4.194, the high from December 9.
CAKE’s RSI is 69, near the overbought zone. The MACD and signal line show a steady upward trend. If CAKE falls below $3.50, it could retest support at $3.165, which was the resistance in an ascending triangle pattern.
