MYX Finance has experienced a significant 37.6% drop in its price over the past 24 hours, now trading at $5.16. This decline is marked by a negative correlation with Bitcoin, standing at -0.32, and a bearish Relative Strength Index (RSI) below 50.0, suggesting continued downward pressure. The token's fall below the 50-day Exponential Moving Average (EMA) further supports a short-term bearish outlook.
Market analysts point to potential support for MYX Finance at $5.00, while resistance is anticipated at $7.00. The current market conditions highlight the challenges faced by MYX Finance as it diverges from Bitcoin's performance, emphasizing the need for close monitoring of its price movements.
MYX Finance Plummets 38% as Bearish Trends Persist
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