MYX Price Crashes 80% After $6.94 Peak: Is It Brutal Flush or Ultimate Reset?

9 hours ago

What was witnessed in the MYX price isn’t just a

What was witnessed in the MYX price isn’t just a dip. It collapsed severely. From an early February high of $6.94, the token has dumped over 80%, even slicing through a long-term ascending trendline that had been intact for months. This breach was the most unexpected, but it still occurred and even lost the crucial $1 support level from September 2024. Now, MYX/USD trades at $0.8762, shrinking its market cap to just $221.75 million, but questions about this dip are rising: Is it over for MYX, or was it a big player’s strategic move?

So, is it worth buying this dip? That depends on whether current demand holds and long-term participants step in. The MVRV structure suggests the excess has been wrung out. The platform metrics suggest it’s operationally alive. The chart suggests capitulation has already happened.

For now, the MYX price analysis shows that token sits at a crossroads technically wounded, structurally reset, and waiting for accumulation to either confirm recovery… or not.

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.