{"id":76982,"date":"2026-02-11T17:54:28","date_gmt":"2026-02-11T17:54:28","guid":{"rendered":"https:\/\/coinjournal.net\/?p=361176"},"modified":"2026-02-11T17:54:28","modified_gmt":"2026-02-11T17:54:28","slug":"myx-finance-crashes-30-in-a-day-as-sell-off-deepens","status":"publish","type":"post","link":"https:\/\/coinalsat.com\/en\/myx-finance-crashes-30-in-a-day-as-sell-off-deepens\/","title":{"rendered":"MYX Finance crashes 30% in a day as sell-off deepens"},"content":{"rendered":"\n<ul>\n<li>MYX Finance price dropped more than 30% to under $4 amid mounting selling pressure.<\/li>\n<li>The Relative Strength Index (RSI) suggests oversold conditions, potentially sparking a relief bounce.<\/li>\n<li>Downside is, however, the path of least resistance amid a technical breakdown.<\/li>\n<\/ul>\n<p>MYX Finance (MYX) price has declined by more than 30% in the past 24 hours, hitting fresh lows under $4.<\/p>\n<p>The Sequoia and Consensus-backed decentralized liquidity protocol ranked as the biggest loser among the top 100 coins on Wednesday, with its dramatic downturn extending the rot since prices sharply dropped from highs of $6.9.<\/p>\n<p>As of writing on February 11, 2026, the token&#8217;s price hovered at levels last seen in early January.<\/p>\n<h2>MYX Finance price falls 30% as sell-off intensifies<\/h2>\n<p>There were sharp declines across the broader cryptocurrency market on Wednesday as Bitcoin fell to under $66k again.<\/p>\n<p>But while <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/arbitrum-price-forecast-whats-next-amid-45-arb-downturn\/\">Arbitrum<\/a>, Bittensor, World Liberty Financial, and Jupiter all slipped, MYX Finance&#8217;s 30% drop over the period was the sharpest.<\/p>\n<p>The bleeding pushed the token below the critical $4 threshold, with a return to $3.88 marking the biggest drop since the 48% mauling on October 10, 2025.<\/p>\n<h2>Why is MYX Finance price down?<\/h2>\n<p>MYX is crashing amid massive selling pressure. According to CoinMarketCap data, the altcoin saw a nearly 120% spike in daily trading volume as prices plummeted.<\/p>\n<p>As noted, the sell-off comes as the broader crypto market jitters push sentiment into extreme fear territory.<\/p>\n<p>Bitcoin&#8217;s struggle to hold above $70k, with sharp declines to $65k in the past 24 hours, has exacerbated the downside action.<\/p>\n<p>Spooked holders are now dumping the MYX accumulated during the token&#8217;s rally to above $6.9 last month.<\/p>\n<p>The price capitulation now has MYX Finance&#8217;s total value locked (TVL) down to $27 million. <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/defillama.com\/protocol\/myx-finance\">DeFiLlama<\/a> also shows protocol fees, a key revenue driver, are also sharply down as institutional interest wanes.<\/p>\n<p>Open interest in MYX perpetual futures contracts has slipped to $26 million, compared to over $182 million in October 2025 and $59 million in early January.<\/p>\n<h2>Technical analysis: What next for MYX?<\/h2>\n<p>From a technical perspective, MYX Finance&#8217;s trajectory is largely bearish.<\/p>\n<p>The token has decisively broken below a multi-week ascending channel pattern on the daily chart, with the technical formation having supported its uptrend to year-to-date highs.<\/p>\n<p>This breakdown, which could be confirmed by a close under the channel&#8217;s lower boundary, signals strong downside continuation.<\/p>\n<p>Other indicators allude to the potential for further erosion of bullish momentum.<\/p>\n<p>RSI on the daily chart is decisively sloping into oversold territory, but it&#8217;s not there yet to suggest room for bears to manoeuvre.<\/p>\n<figure id=\"attachment_361180\" aria-describedby=\"caption-attachment-361180\" class=\"wp-caption alignnone\"><img data-source=\"CoinJournal\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-361180\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/02\/MYXUSDT_2026-02-11_19-15-00.png\" alt=\"MYX Price Chart\" width=\"1057\" height=\"609\"><figcaption id=\"caption-attachment-361180\" class=\"wp-caption-text\"><a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/MYXUSDT\/\">MYX price chart<\/a> by TradingView<\/figcaption><\/figure>\n<p>MYX price is also below a key ascending trendline from Nov. 2025, with psychological support at $3.60. If sellers drive MYX under $3.00, the next major demand reload zone will be $1.85.<\/p>\n<p>On the upside, any short-term rebound faces formidable resistance at the $6.90 zone. Before that, bulls have to negotiate the mild overhead supply clusters around $4.80.<\/p>\n<p>The post <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/myx-finance-crashes-30-in-a-day-as-sell-off-deepens\/\">MYX Finance crashes 30% in a day as sell-off deepens<\/a> appeared first on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"\n<p>MYX Finance price dropped more than 30% to under $4 amid mounting selling pressure. The Relative Strength Index (RSI) suggests oversold conditions, potentially sparking a relief bounce. Downside is, however, the path of least resistance amid a technical breakdown. MYX Finance (MYX) price has declined by more than 30% in the past 24 hours, hitting [&#8230;]<\/p>\n<p>The post <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/myx-finance-crashes-30-in-a-day-as-sell-off-deepens\/\">MYX Finance crashes 30% in a day as sell-off deepens<\/a> appeared first on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n","protected":false},"author":5,"featured_media":76983,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-76982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>MYX Finance crashes 30% in a day as sell-off deepens - CoinAlSat.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinalsat.com\/en\/myx-finance-crashes-30-in-a-day-as-sell-off-deepens\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MYX Finance crashes 30% in a day as sell-off deepens - CoinAlSat.com\" \/>\n<meta property=\"og:description\" content=\"MYX Finance price dropped more than 30% to under $4 amid mounting selling pressure. The Relative Strength Index (RSI) suggests oversold conditions, potentially sparking a relief bounce. Downside is, however, the path of least resistance amid a technical breakdown. 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The Relative Strength Index (RSI) suggests oversold conditions, potentially sparking a relief bounce. Downside is, however, the path of least resistance amid a technical breakdown. 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