MYX risks new all-time lows after $1.81 rejection; $0.15 possible
MYX Finance (MYX) faced strong seller pressure after a failed rally to $1.816, which closed the daily session at $1.02 and signaled buyer exhaustion. A local bottom formed at $0.80 and was recently retested as support. Short-term technicals (1-hour chart) show imbalance between $0.75–$0.85 as a likely bounce-and-sell zone; on‑balance volume (OBV) is making new lows and MACD has produced a bearish crossover. Longer-term resistance sits at $3 and $5, which bulls must reclaim to reverse trend. Given the loss of $1 as reliable support and absence of nearby structural support, the report highlights a downside path that could take MYX as low as its August 2025 starting point near $0.15. Traders should view a short-term bounce to $0.80–$0.85 as a selling opportunity. (Keywords: MYX, MYX price, MYX Finance, crypto technical analysis, support and resistance, OBV, MACD.)
Bearish
The technical read is predominantly bearish. The failed rally to $1.816 followed by a low daily close indicates buyer exhaustion and a rejection of higher prices. Key short-term indicators reinforce selling pressure: OBV making new lows and a MACD bearish crossover signal declining momentum. Loss of the $1 support level removes a nearby structural floor; historically, when similar support breaks occur after sharp prior rallies (e.g., rapid August 2025 move from $0.15 to $2.5), markets often retrace toward previous accumulation zones. The report identifies $0.75–$0.85 as a likely bounce area that presents a selling opportunity, and projects a possible drop to $0.15 in a full retracement scenario. For traders: short-term strategy favors selling into bounces and protecting positions with tight stops; leverage and long positions are higher risk until price reclaims major overhead resistance ($3 and $5) and momentum indicators turn bullish. The outlook could shift if volume-backed break above $1 with follow-through toward $3 occurs, but current signals point to continued downside risk.