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.

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.

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.

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.

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.

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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NEAR Protocol stabilizes at $1.00 after slight pullback: is a rally toward $1.40–$1.44 next?

  • The price of Near Protocol’s NEAR holds $1.00 support after the recent pullback.
  • The next target zone for NEAR price is at $1.40–$1.44.
  • Momentum appears to be building quietly with strong fundamentals.

NEAR Protocol (NEAR) price is showing signs of stabilisation after a modest pullback to the $1.00 level.

The altcoins recently broke out of a rectangle consolidation pattern, surging to a high of $1.24, but the price is now retesting the breakout area.

This level, often referred to as the Resistance-Becomes-Support (RBS) zone, is now acting as a critical support point, and how NEAR behaves here could determine the next leg of its price movement.

Near Protocol price chart
Near Protocol price chart | Source: TradingView

Notably, the breakout that preceded the pullback was supported by noticeable trading volume, suggesting that buyers remain interested and that the market has not exhausted itself.

While the price action doesn’t yet look explosive, momentum appears to be quietly building in the background, and sellers are less aggressive, and the structure of the chart is tightening, creating a base that could support higher prices in the near term.

Technical analysis signals a potential upside

If NEAR can hold above the $1.00 support over the next few days, the next target area that traders should watch is between $1.40 and $1.44.

This level aligns with previous resistance points and could serve as a short-term objective for traders monitoring the breakout.

Beyond these immediate targets, some analysts see potential for even larger moves.

A move toward $5 might sound ambitious at this stage, but it is not outside the realm of possibility in the context of broader market optimism.

If capital flows back into strong layer 1 projects and the crypto market enters a risk-on phase, Near Protocol could see sustained interest from investors.

Fundamental analysis supports the bullish outlook

Despite recent declines from its all-time high of $20.44, NEAR has maintained a market cap of around $1.46 billion, with trading volumes nearing $197 million in 24 hours.

These figures show that the network still has liquidity and a foundation that can support price stability during market fluctuations.

In addition, social sentiment and technical activity suggest that NEAR is quietly building a base.

The combination of a tightening chart structure, diminishing selling pressure, and ongoing ecosystem improvements provides a setup that could favour a continuation rally.

NEAR’s network is also actively expanding its functionality and cross-chain capabilities.

On February 25, NEAR launched a Confidential Intents feature, a cross-chain transaction privacy tool built into NEAR Intents to tackle DeFi transparency issues.

Cross-chain execution layers allow users to move assets seamlessly between different networks, which could increase usage and adoption over time.

Wallet integrations and enhancements to transaction efficiency also make the protocol more user-friendly.

Moving forward, traders and investors should closely watch the $1.00 support, as holding this level could pave the way for a test of $1.40–$1.44 and possibly beyond.

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FLR price outlook as Flare and Xaman launch one-click DeFi access for XRP holders

  • The one-click DeFi access could unlock idle XRP liquidity for Flare’s ecosystem.
  • The FLR token price remains weak amid low liquidity and cautious market sentiment.
  • The immediate support level for Flare (FLR) sits near $0.00963, with downside risk if this support breaks.

Flare (FLR) cryptocurrency price is pulling back after a recovery attempt that pushed it to a high of $0.009826 on February 28, following the news of Flare rolling out one-click DeFi access for XRP token holders through a partnership with Xaman.

This comes as FLR cryptocurrency trades near multi-month lows, raising an important question about whether fundamentals can eventually support a shift in price momentum.

The one-click DeFi lowers the barrier for XRP holders

For years, XRP holders have largely remained on the sidelines of decentralised finance due to technical complexity and limited native options.

Flare’s latest integration aims to change that by simplifying how the XRP cryptocurrency can be used in DeFi without forcing users to navigate bridges, complex smart contracts, or unfamiliar wallets.

The one-click approach allows users to interact with DeFi protocols while maintaining self-custody, which has been a persistent concern for more conservative market participants.

By abstracting away the complicated steps, Flare positions itself as a gateway for idle XRP liquidity to enter yield-generating activities.

This matters because XRP represents one of the largest pools of dormant capital in crypto, yet only a small fraction of it is currently productive.

If even a modest percentage of that capital moves on-chain, it could significantly boost activity across Flare’s DeFi stack.

The timing is also notable, as demand for yield products has been rising while speculative trading has slowed.

That shift suggests users are becoming more selective, favouring utility and predictable returns over short-term price bets.

Market conditions keep FLR under pressure

Despite the positive narrative, Flare’s native token, FLR, has struggled to reflect this progress in its price.

The broader crypto market has recently leaned risk-off, with total market capitalisation slipping and Bitcoin posting mild losses.

In this environment, FLR has underperformed slightly, declining more sharply than the market average over the past 24 hours.

Liquidity remains thin, as reflected by a sharp drop in daily trading volume, which makes the token more sensitive to modest sell pressure.

Low liquidity often exaggerates price moves, especially when there is no strong catalyst to attract fresh buyers.

While social sentiment around XRP-related developments has turned more optimistic, that enthusiasm has not yet translated into sustained buying activity.

Over the past month, FLR has remained down meaningfully, reinforcing the idea that traders are still cautious.

This disconnect between improving fundamentals and weak price action highlights a familiar crypto pattern where adoption narratives take time to show up on charts.

Flare price forecast

FLR is currently trading in a tight technical range that reflects uncertainty rather than panic.

Price action is sitting between key Fibonacci retracement levels that have capped momentum in both directions.

The first level traders are watching is the area around $0.00904, which has acted as short-term support.

A clean break below this zone could expose the previous swing low near $0.0085.

If that lower level fails to hold, downside pressure may accelerate due to thin liquidity.

This makes volume confirmation critical for any move lower or higher.

On the upside, FLR needs a decisive push above the $0.00968 region to shift near-term momentum.

Such a move would signal that buyers are finally stepping in with conviction.

From a technical standpoint, momentum indicators, including the Relative Strength Index (RSI), currently sit near neutral, suggesting the market is coiled rather than trending.

Flare price chart analysis
FLR price chart | Source: TradingView

This leaves FLR vulnerable to broader market moves until a clear catalyst emerges.

The key question is whether growing DeFi participation from XRP holders can translate into measurable demand for FLR.

If on-chain activity and volume rise together, price could stabilise and attempt a recovery.

Until then, the outlook remains neutral to slightly bearish, with traders focused on support resilience rather than breakout targets.

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Toncoin (TON) price heavily oversold as Telegram introduces Vaults in TON Wallet

  • The TON Wallet Vaults will let users earn yield on BTC, ETH, and USDT.
  • Toncoin (TON) is deeply oversold, trading near $1.29 with bearish momentum.
  • The key levels to watch are the support around $1.23–$1.26 and the resistance around $1.41–$2.02.

Toncoin (TON) cryptocurrency has faced a sharp decline even as Telegram rolls out its new Vault feature within the TON Wallet.

The launch of “Vault” in TON Wallet allows users to earn yield on Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) without leaving the app.

Vaults are self-custodial, meaning users retain control of their private keys and assets while participating in decentralised earning strategies.

This integration of decentralised finance (DeFi) into a widely used messenger app marks one of the most accessible on-ramps to DeFi for everyday users.

The TON Wallet uses a combination of DeFi protocols to generate yield behind the scenes.

Morpho provides the lending backbone, while the TON Applications Chain executes transactions, and Re7 manages risk and strategy design.

Users simply interact through the Telegram interface, making the process seamless and user-friendly.

Toncoin market reaction

Despite the positive news, Toncoin’s market performance has been under pressure.

The cryptocurrency has dropped to $1.29, down 3.6% over 24 hours.

This decline aligns with a broader market-wide risk-off rotation.

The total crypto market cap fell 2.43%, and sentiment remains in extreme fear, with the Fear & Greed Index at 16.

Notably, altcoins are underperforming Bitcoin, and Toncoin has moved in line with the market.

TON price technical analysis

Technical indicators show a bearish trend.

The price has broken both the 7-day and 30-day simple moving averages, confirming downward momentum.

In addition, the Relative Strength Index (RSI) reads 26.42, indicating deeply oversold conditions.

The selling volume has also increased by almost 30%, showing persistent pressure despite the oversold state.

Looking at the historical chart movements, the key support lies between $1.23 and $1.30, and the Fibonacci levels highlight this zone as critical for potential short-term rebounds.

A bounce could occur if buyers step in at these levels, especially if Bitcoin stabilises after its recent decline.

CoinLore’s analysis highlights additional support at $1.06 and a secondary zone near $0.8280.

On the upside, the immediate resistance is at $1.41, $1.79, and $2.02, marking key thresholds for traders to watch.

Traders should focus on high-volume rejection or acceptance around the $1.26–$1.30 range to gauge the next move.

Toncoin price prediction

With the introduction of Vaults, TON now combines utility and DeFi access, which could support demand if broader market conditions improve.

If the Toncoin price holds above the $1.23–$1.26 support zone, a short-term rebound toward the 7-day SMA at $1.33 could be possible.

Otherwise, a break below $1.23 may open the path to $1.14, where further downside could extend toward $1.06.

But the oversold RSI suggest a potential bounce, although caution is advised, as the market remains under pressure.

In case of a rebound, clearing the $1.41 resistance would signal strength and potentially push TON toward $1.79 and $2.02.

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Shiba Inu price outlook: analysts project a potential 400% surge

  • Shiba Inu (SHIB) faces short-term pressure from large exchange inflows.
  • The key support lies at $0.0000060, while the immediate resistance lies near $0.0000066.
  • Long-term forecasts project potential gains up to 400%.

Shiba Inu (SHIB) price has seen an uptick, trading at around $0.0000064 after gaining over 7% in 24 hours.

Despite this movement, short-term dynamics suggest caution.

A significant portion of SHIB tokens, totalling hundreds of billions, has recently flowed into centralised exchanges.

Such large inflows often indicate potential selling pressure.

This means the market could see a downward push if buyers do not absorb the increased supply.

Adding to the caution, technical indicators point to weakening momentum.

SHIB recently formed a death cross on shorter timeframes, where a faster-moving average crossed below a slower one.

This pattern historically signals bearish pressure in the short term.

Shiba Inu price analysis
Shiba Inu chart showing the death cross | Source: TradingView

The support near $0.0000060 has become a key pivot point.

If this level holds, SHIB may stabilise, but a breach could trigger further declines toward $0.0000057 or lower.

Resistance remains at around $0.0000066, a level that must be cleared for buyers to regain control.

On-chain trends and market sentiment

Beyond price action, on-chain data shows a growing number of tokens being held on exchanges.

This indicates that many holders are prepared to sell, adding to market uncertainty.

At the same time, the market has shown resilience.

Small rallies have occurred even as selling pressure builds, suggesting that some investors remain confident.

Liquidity is limited, however, which can exaggerate price swings in either direction.

The short-term picture remains fragile, and momentum is likely to be influenced by market sentiment and broader cryptocurrency trends.

Long-term Shiba Inu price projections

Looking beyond the immediate fluctuations, analysts remain optimistic about SHIB’s potential.

JAVO MARKS projects that the meme coin could rise as high as $0.00005 by late 2026, which represents an increase of more than 400% from current levels.

Several factors could contribute to this bullish outlook.

One of those factors could be a broader crypto market upswing, which could lift altcoins and memecoins like SHIB.

Regulatory clarity and adoption of cryptocurrencies by institutions may also provide a boost.

These catalysts, combined with continued community support, create a framework for long-term growth.

Despite this, experts caution that short-term technical weaknesses could limit immediate gains.

Price stability and strong support at key levels will be crucial for sustaining any rally.

The token’s speculative nature and its dependence on market cycles mean that volatility is likely to continue.

If the bullish catalysts materialise, SHIB could deliver substantial gains, but the path may be uneven.

For now, the market will likely navigate a mix of uncertainty and opportunity, reflecting the unique position Shiba Inu holds in the crypto space.

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