MYX Finance: Ready for a Breakout or a Rejection?MYX Finance / USDTMEXC:MYXUSDTmilad-bit24The price action suggests that MYX/USDT has been consolidating below the long-term descending trendline after an initial rapid ascent. The pattern is approaching a climax point where a significant directional move is imminent. Diagonal Resistance (The Black Line): A long-term descending trendline is clearly visible, connecting multiple swing highs. The price is currently testing this key resistance level. This trendline has historically served as a strong ceiling for the price. Major Horizontal Resistance (The Red Line): The all-time high (or a very strong previous peak) is marked by the red line near $18.68. This will be the ultimate target if a successful breakout occurs. mmediate Support (The Green Line): The horizontal support level is located at $12.44. This level acted as a major point of previous resistance and now functions as the immediate floor following the recent upward move. Strong Demand Zone (The Green Box): A solid area of support/accumulation is visible between the $8.00 and $9.00 range. This zone provided the base for the recent rally.