MYX price prediction – Is $1-level next after 66% weekly crash?
Myx Finance [MYX] has confronted large losses in February. In truth, a current AMBCrypto report famous that MYX was one of many largest weekly losers, dropping 66% between 7-14 February.
This bearish run has since continued, with MYX costs beneath $2. The bulls have been in a position to put up a quick combat on the psychological spherical quantity help, nevertheless it was solely a matter of time earlier than the sellers overran the extent.
The rising Open Curiosity and falling costs confirmed that market contributors have been satisfied of additional losses – An expectation that has come true.
On the time of writing, MYX was buying and selling at $1.289. A brief-term bullish divergence may provide the perpetuals DEX’s native utility token some respite from promoting.
The down-only MYX path
Over the previous 24 hours, the altcoin market cap excluding Ethereum [ETH] was down 0.5%. Throughout this time, MYX fell by a exceptional 27.8%. Bitcoin [BTC] was down only one.34%, whereas ETH climbed 0.63%.
The tempo of MYX selling and the high spot volume meant the pattern was extraordinarily bearish. It may not be a good suggestion to attempt to catch the native backside and go lengthy, planning on a respite rally.
Supply: MYX/USDT on TradingView
The $1 help stage from September 2025 might be the following MYX value goal.
Failure to carry the $5 help left behind an enormous imbalance. Nevertheless, it’s unlikely to get crammed and even examined anytime quickly.
Supply: MYX/USDT on TradingView
Within the subsequent few hours of buying and selling, a value bounce could be attainable. The Superior Oscillator and the worth made a bullish divergence too.
The hourly imbalance (white) at $1.4 and the bearish breaker block at $1.5 are more likely to act as stern provide zones in case of a value bounce.
Last Abstract
- Myx Finance token’s value motion has been dominated by ruthless bears in February.
- A value drop to $1 is probably going quickly, however we would get a quick value bounce in the direction of $1.4.
Disclaimer: The data introduced doesn’t represent monetary, funding, buying and selling, or different sorts of recommendation and is solely the author’s opinion.
