MYX Finance (MYX) experienced a sharp 30% decline, dropping below $4 as selling pressure intensified. The decentralized liquidity protocol, backed by Sequoia and Consensus, was the biggest loser among the top 100 cryptocurrencies on Wednesday. This downturn extends a broader market sell-off, with Bitcoin also falling below $66,000. MYX's price drop follows a 120% spike in daily trading volume, reflecting heightened market jitters and extreme fear sentiment. The token's total value locked (TVL) has decreased to $27 million, with protocol fees and institutional interest also declining. Technical analysis indicates a bearish trajectory, as MYX has broken below a multi-week ascending channel. The Relative Strength Index (RSI) suggests oversold conditions, but further downside is possible. Key support levels are at $3.60 and $1.85, while resistance is expected around $4.80 and $6.90.