MYX Finance $MYX is clearly in a corrective structure following its prior expansion phase, and short-term momentum has flipped decisively bearish.
Price is down roughly 15% in 24h, 12.8% over 7 days, and about 6% over the past month, showing acceleration to the downside rather than stabilization. The structure now reflects lower highs and increasing sell-side pressure, suggesting that bulls have stepped back for now.
Market cap sits near $1.29B, with 24h volume around $21.6M, up ~41%. That combination — falling price + rising volume — often signals active distribution, not just a passive cooldown. Sellers appear engaged rather than exhausted.
Technically:
Short-term momentum remains weak
Any bounce so far looks corrective, not impulsive
Broader structure remains fragile while price trends lower
Zooming out, MYX is still trading roughly 72% below its ATH, keeping it in a broader drawdown regime. That context matters — assets in deep retracement phases typically need strong macro tailwinds or a clear catalyst to shift structure sustainably.
For now, near-term risk remains elevated. A stabilization phase or reclaim of prior breakdown levels would be the first step toward constructive structure. Until broader market sentiment improves — especially across altcoins — rallies may continue to face supply.
Bias: Cautiously bearish short-term, neutral-to-watchful mid-term.
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