$MYX continues to plummet! The more fiercely it was pulled up, the more harshly it was smashed down!

The MYX moving averages show a typical bearish arrangement, with short, medium, and long-term moving averages distributed from top to bottom, and the long-term moving averages continuing to decline, forming a pressure zone. The stock price is suppressed by the moving averages, encountering resistance during rebounds, with bears dominating the market trends taking advantage of the moving averages, making it difficult for the trend to change direction.

Since the previous high of 2.4180, it has fallen continuously, breaking through key support levels, and recently dropping to 1.1343. The downward movement is dominated by bearish candlesticks, with weak and low-volume bullish rebounds, highlighting the bearish strength in the rhythm of "downward - weak rebound - further decline," pushing prices to seek a bottom under inertia.

During the downward movement, rebound volume is lacking, external funds are on the sidelines, and internal funds are fleeing, leading to a lack of buying power. The volume cannot support a rebound, allowing bears to easily suppress prices, reinforcing the bearish logic from the financial perspective. #加密市场回调 #币安HODLer空投PLUME #MYX