MYX Finance is falling 30% per day due to the increase in sales volume
MYX Finance shares fall more than 30% to $4 amid selling pressure. The Relative Strength Index (RSI) indicates oversold conditions, which may lead to relief. The downside, however, is the path of least resistance in a technical breakdown.
MYX Finance (MYX) price is down more than 30% in the last 24 hours, hitting fresh lows below $4.
Sequoia and the Consensus-backed decentralized liquidity protocol were the biggest losers among the top 100 coins on Wednesday, with the dramatic decline extending the decline as the price dropped sharply from $6.99.
In the year As of February 11, 2026, the token's price has finally hovered at the levels seen in early January.
As the sale intensified, the price of MYX Finance fell by 30%
The broader cryptocurrency market was sharply lower on Wednesday, with Bitcoin once again falling below $66k.
But while Arbitrum, Bittensor, World Liberty Financial and Jupiter all slid, MYX Finance was the biggest with a 30% drop during the period.
The bleeding pushed the token below the critical $4 barrier, returning to $3.88, marking the biggest decline since the 48% breakout on October 10, 2025.
Why has MYX Finance dropped in value?
MYX is falling under heavy selling pressure. According to CoinMarketCap data, the altcoin has seen a nearly 120% increase in daily trading volume due to the price drop.
As noted, the sell-off comes as broader crypto market jitters push sentiment into extreme fear territory.
Bitcoin's struggle to hold more than $70k has compounded its losses, having fallen sharply to $65k in the past 24 hours.
Spocked holders are now dumping MYX above $6.9 last month, which accumulated during the token's rally.
The rate has now reduced MYX Finance's Total Value Locked (TVL) to $27 million. In addition, DeFillama noted that protocol fees, a key revenue driver, also decreased significantly as institutional interest declined.
Open interest in MYX perpetual futures contracts fell to $26 million, compared to more than $182 million in October 2025 and $59 million in early January.
Technical Analysis: What's Next for MYX?
From a technical perspective, MYX Finance's trajectory is mostly bearish.
The signal has broken decisively below the multi-week uptrending channel pattern on the daily chart, with the technical structure supporting the year-to-date highs.
This breakdown indicates the continuation of a strong downtrend, which can be confirmed by a close check under the lower boundary of the channel.
Other indicators point to the potential for more bullish energy erosion.
The RSI on the daily chart is moving into the oversold territory, but it is not yet there to suggest a move for the bears.
MYX price is also below a key uptrend from November 2025, with psychological support at $3.60. If sellers drive MYX below $3.00, the next major demand reload zone will be $1.85.
On the downside, any short-term recovery will face stiff resistance at the $6.90 zone. Before that, bulls should negotiate around $4.80.
