$MYX /USDT (Daily) has seen a sharp sell-off following an extended distribution phase, with price breaking down from the 6.0+ region and accelerating into the 1.0 area. The move reflects strong bearish momentum and capitulation-like behavior after prolonged downside pressure.
After the vertical drop, price printed a strong bounce with a large green daily candle. However, the long upper wick around 1.70–1.80 highlights active selling pressure at higher levels, suggesting that while buyers stepped in, supply remains dominant near resistance.
This reaction points to a relief rally rather than a confirmed trend reversal at this stage. For structure to improve, price needs to hold the 1.20–1.25 zone on a pullback and build a higher base. A successful retest of this area would indicate acceptance and open the door for continuation.
Failure to defend this level would likely result in renewed consolidation or further downside volatility as the market searches for stronger demand.
Overall, $MYX remains in a fragile recovery phase. The next pullback and retest will be critical in determining whether this bounce evolves into a sustained reversal or fades into another corrective move.
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🎯 Target: $18.95 — A break above this level could push GMX toward $21.
💭 My Take: GMX is showing bullish momentum backed by strong fundamentals and growing DeFi adoption. Short-term volatility is possible, but the overall trend looks positive.
Today’s market sees some notable dips among key altcoins, presenting savvy traders with potential opportunities for strategic entries. GMX leads the decline, dropping sharply by 17.69% to $18.29, signaling a strong pullback that could set the stage for a rebound. Following closely, HEI slipped 15.73% to $0.5155, showing signs of profit-taking that might offer an attractive entry point for those monitoring support levels. HFT and BMT also faced mild downturns of 7.50% and 6.31%, respectively, presenting less volatile but still meaningful corrections.
For traders, these dips could represent a window to capitalize on market overreactions and position themselves ahead of potential recovery rallies. Watching for volume spikes and support confirmations will be key before entering. The current weakness in these coins may unlock profitable opportunities, especially if broader market momentum shifts upward. A disciplined approach to risk management combined with technical analysis could help maximize gains in these temporarily oversold assets.
$FARM is trading at 30.43 (+4.28%), surging sharply after bouncing from the 29.00 support zone. The price has just tested its intraday high of 30.50, signaling strong bullish momentum. If buyers maintain pressure, we could see a sustained breakout above this level, opening the door for further gains.
Support and Resistance • Resistance: 30.50 – 31.20 – 32.00 • Support: 29.80 – 29.00
Market Insights $FARM is showing strong buyer dominance with a clean vertical push, suggesting high momentum traders are stepping in. A confirmed close above 30.50 could fuel the next leg toward 31.20 and 32.00, making this an attractive short-term breakout play.
🚨 MP nº 1.303/2025: End of the exemption of R$ 35 thousand for cryptocurrencies in Brazil! New tax package changes rules for crypto, investments, and bets. Check out the main points:
🔍 Cryptocurrencies: what changes?
• End of exemption: From January 1, 2026, the income tax exemption for sales of crypto up to R$ 35 thousand/month ends.
• Fixed rate: Gains from cryptoassets (in Brazil and abroad) will incur an income tax of 17.5%, regardless of the amount.
• Losses: Compensation for losses is limited to the same assessment period and only among virtual assets.
• Until 2025: Exemption of R$ 35 thousand remains valid for operations in Brazil, with rates from 15% to 22.5% above that.
📊 Other changes from the MP:
• LCI, LCA, CRI, CRA: New securities issued from 2026 will incur an income tax of 5%.
• Bets: Taxation increases from 12% to 18% starting October 2025.
• JCP: Income tax on Interest on Own Capital increases from 15% to 20%.
• IOF: Rate rises to 3.5% on operations with foreign currency (dollar, international card, remittances).
⚖️ Context: The MP replaces the IOF decree, which generated friction with Congress.
💡 Impact: Crypto will have heavier taxation, with less flexibility.
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Bullish
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