MYX Finance (MYX) Price Drops 25%—Will the Upcoming ‘Death Cross’ Cause a 35% Crash Ahead?

The MYX Finance price

As the chart shows, the 50-day and 200-day SMAs are approaching a bearish crossover, a classic death cross setup that often signals continued downside pressure. At the same time, the RSI has dropped into the lower threshold for the first time since the token began trading, reinforcing the strength of the current bearish momentum. This suggests sellers remain firmly in control.

From here, the immediate support levels to watch are $0.57, which aligns with the ascending trend line, followed by $0.40 — the final major defensive zone. If a death cross forms and bulls fail to protect these levels, MYX could slide back into the price range where it traded during its early listing phase, signaling a deeper structural reset.

Wrapping it Up!

The MYX Finance price remains stuck in a sharp downtrend, and right now, there’s no obvious catalyst strong enough to change the trend. The recent drop has been backed by heavy volume, which often signals capitulation rather than healthy consolidation.

For the bleeding to slow down, MYX needs to push back above the $0.70–$0.72 zone and hold there. That would be the first sign that sellers are losing control. On the flip side, if the price slips below $0.60 with conviction, it could trigger another wave of downside momentum.

With the monthly close around the corner, the next few sessions could be decisive. How MYX price ends the quarter may shape its direction in the weeks ahead.

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