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During the market correction, Hyperliquid and MYX Finance prices rebound—is bull market momentum building?

During the market correction, Hyperliquid and MYX Finance prices rebound—is bull market momentum building?

币界网币界网2026/02/05 10:24
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According to CoinWorld, despite bitcoin hovering around $72,000 amid weak spot demand and ethereum trading near $2,100, altcoins such as Hyperliquid (HYPE) and MYX Finance (MTX) have shown relative strength. HYPE has surged over 75% since late January and is currently consolidating within the key $34.94 to $35.95 range, with technical indicators also showing a bullish trend. MTX is narrowing within a bullish pattern, and the MACD indicator suggests an imminent crossover, potentially breaking through the $7.05 to $7.38 resistance level. However, these rebounds are considered fragile short-term rotations rather than confirmed trend reversals, and their continued rise may depend on whether bitcoin and ethereum can regain strength.
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