MYX Finance token has rallied hard after weeks of heavy selling pressure that had pushed it into deeply oversold territory.
This sudden reversal comes after a confirmation that MYX Finance had closed a major strategic funding round led by Consensys ahead of its V2 launch.
The combination of fresh capital, renewed confidence, and an upcoming product upgrade created the perfect conditions for a strong rebound.
Funding milestone reshapes MYX Finance narrative
The completion of the Consensys-led funding round has marked a turning point for MYX.
Consensys emerged as the largest investor, signalling strong institutional belief in the project’s long-term direction.
For many market participants, this backing acts as external validation at a time when sentiment around MYX was at its weakest.
MYX had just endured a brutal February sell-off that erased a large portion of its market value.
MYX prices had fallen rapidly, liquidity thinned, and confidence was clearly shaken.
The funding announcement shifted the narrative almost instantly, with traders pricing in future growth tied to the upcoming V2 launch.
Notably, the funding is expected to support infrastructure development rather than short-term hype.
With the V2 launch, MYX Finance aims to evolve from a simple trading interface into a professional-grade execution engine.
Features such as gasless transactions and one-click trading will be introduced to reduce friction for both retail users and advanced traders, placing MYX Finance closer to core derivatives infrastructure than a typical DeFi application.
MYX price forecast
At the time of writing, MYX’s price was pulling back after hitting an intra-day high of $1.79.
For short-term traders, the focus is on support around $1.30 to $1.45, despite the RSI signalling an oversold condition.
If the price manages to hold above $1.3, it would suggest that buyers remain in control.
If the bullish momentum returns, the immediate resistance sits near $1.75 to $1.80.
This area previously capped the price during the rebound and could trigger profit-taking.
A confirmed break above this zone would open the door toward the psychological $2.00 level.
Beyond that, the $2.00 to $2.20 region stands out as a heavier resistance area where sellers may become more aggressive.
On the downside, a loss of the $1.3 level could expose MYX to a deeper retracement toward $1.20.
Such a move would not invalidate the longer-term thesis but would delay bullish momentum.
For now, MYX sits at a crossroads between recovery and consolidation.
https://invezz.com/news/2026/02/20/myx-rallies-after-consensys-led-funding-revives-confidence/
