Top Crypto Gainers: Story, MYX Finance, and Dash Rebound Near Key Resistance

s with double-digit gains, while MYX and Dash see around 6% increases. The rebound for these coins approaches key resistance levels, potentially setting the stage for further gains.

Story continues its recovery trend, having risen over 1% at press time on Tuesday. It built on 27% gains from Monday, with price nearing the $3.00 mark. This is close to its November 6 low of $3.26, a previous barrier to gains on November 26.

If Story exceeds $3.26, it could target the 200-day Exponential Moving Average (EMA) at $4.101. Technical indicators suggest strong bullish momentum. The Relative Strength Index (RSI) at 79 shows an overbought condition, and the Moving Average Convergence Divergence (MACD) rises with green histogram bars according to technical analysis.

Why Did This Happen?

The momentum for Story reflects heightened bullish pressure. The RSI and MACD both indicate overbought conditions and upward trends, respectively. If Story fails to cross $3.00, a potential reversal could test the 50-day EMA at $2.356.

MYX Finance is approaching a key resistance level near $6.07, aligning with the January 3 close. The coin is up almost 1%, following a 4% rise from the previous day. A decisive close above $6.07 could extend the rally toward $7.29, capped by a resistance trendline according to technical analysis.

MYX Finance's technical indicators are showing signs of regaining bullish momentum. The RSI is at 71 on the daily chart, entering the overbought zone, while the MACD and signal line show an upward trend. However, the lack of a strong trend in these indicators suggests a potential reversal risk.

How Did Markets React?

MYX Finance recently climbed 11% after weeks of consolidation, trading above a key breakout level near $4. This follows an extended balance period since October 11. The price action shows an indecisive range between $4.67 and $6 according to market analysis.

Bull Bear Power at 1.236 indicates strengthening buying pressure, and the Stochastic RSI shows a bullish crossover after entering oversold territory. This setup suggests a potential directional move if MYX holds above $4.

Dash's rebound continues with a 3% gain at press time on Tuesday, extending the 6% increase from the previous day. The privacy coin's recovery from the December 23 low of $36.68 is approaching the 200-day EMA at $41.30 according to technical analysis.

If Dash clears this moving average, it could target the 50-day EMA at $45.04. Technical indicators on the daily chart show a resurgence in buying pressure. The RSI at 46 is approaching the halfway line, and the MACD crosses above its signal line, indicating renewed bullish momentum.

What Are Analysts Watching Next?

Investors are closely monitoring whether these gains are sustained or if a reversal could occur. For Story, the key resistance at $3.26 will be a critical test. For MYX, the $6.07 level is a significant marker for a potential breakout or breakdown.

In Dash's case, the 200-day EMA at $41.30 is a crucial threshold. A sustained reversal below this level could revisit the $36.68 support. The MACD and RSI for Dash are showing positive signs, but volume follow-through will be essential in confirming any move according to market analysis.

The broader market is also watching the Total Value Locked (TVL) for MYX Finance. After hitting a bottom at $27 million in December, it has rebounded to around $33 million. While this is a positive sign, the TVL still lags behind other sectors within DeFi.

Holder data for MYX Finance reveals a divergence in ownership patterns. Spot holders have declined to 56.8K from a peak of 71.2K, while Derivative exchange holders have increased to over 1.6 million. This imbalance suggests a preference for leveraged exposure over long-term Spot holdings.

Investors should also consider the recent perps volume for MYX Finance. The DEX has shown resilience with over $1.92 billion in weekly perps volume. The majority of this volume is on the BNB Smart Chain, with smaller portions on Linea and Arbitrum One according to trading data.