- Amid mounting promoting strain, the value of MYX Finance fell greater than 30% to beneath $4.
- The Relative Energy Index (RSI) suggests an oversold scenario, which may set off a reduction pullback.
- Nonetheless, the draw back is that it’s the path of least resistance amongst technical failures.
MYX Finance (MYX) value has fallen over 30% previously 24 hours, hitting new lows beneath $4.
The Sequoia and Consensus-backed decentralized liquidity protocol has been ranked as the largest loser among the many high 100 cash on Wednesday after its value plummeted from a excessive of $6.9, with corruption widening in dramatic declines.
As of this writing on February 11, 2026, the token value is buying and selling at ranges final seen in early January.
MYX Finance value falls 30% as decline intensifies
Bitcoin fell once more beneath $66,000 on Wednesday, with sharp declines throughout the broader crypto market.
Nonetheless, whereas Arbitrum, Bittensor, World Liberty Monetary, and Jupiter all fell, MYX Finance had the largest drop of 30% over the identical interval.
This hemorrhage despatched the token beneath the important thing benchmark of $4 and again all the way down to $3.88, the largest decline because the 48% crash on October 10, 2025.
Why is the value of MYX Finance falling?
MYX has fallen sharply as a consequence of heavy promoting strain. Every day buying and selling quantity soared almost 120% as altcoin costs plummeted, in response to knowledge from CoinMarketCap.
As talked about above, this decline comes as considerations throughout the crypto market push sentiment into excessive worry territory.
Bitcoin has plummeted to $65,000 previously 24 hours and is struggling to carry on to $70,000, exacerbating the draw back.
Frightened holders at the moment are dumping their MYX collected throughout the token’s rally final month above $6.9.
As a result of value capitulation, MYX Finance’s complete worth locked (TVL) fell to $27 million. DeFiLlama additionally reveals that protocol charges, a key income driver, have additionally declined considerably as institutional investor curiosity wanes.
Open curiosity in MYX perpetual futures contracts has fallen to $26 million, in comparison with greater than $182 million in October 2025 and $59 million in early January.
Technical evaluation: What’s subsequent for MYX?
From a technical perspective, MYX Finance’s trajectory is basically bearish.
The token has decisively damaged beneath a multi-week ascending channel sample on the day by day chart, with technical formation supporting the uptrend to year-to-date highs.
This breakdown is confirmed by a detailed beneath the channel’s decrease restrict, suggesting a robust draw back continuation.
Different indicators recommend that the bullish momentum could weaken additional.
The RSI on the day by day chart is unquestionably leaning into oversold territory, however it has not but reached ranges that might recommend room for the bears to behave.
MYX value can be beneath the essential uptrend line from November 2025, with psychological help at $3.60. If sellers function MYX beneath $3.00, the following main demand reload zone will likely be $1.85.
On the upside, a short-term rebound faces formidable resistance on the $6.90 zone. Earlier than that, the bulls want to barter a light overhead provide cluster round $4.80.