🔍 MYX Analysis – RSI Collapse Signals Oversold Reversal? 🔍
📉 MYX is showing sharp downside momentum today, with a 9.37% drop pushing it deep into oversold territory. As a trending altcoin, MYX is catching attention for its extreme RSI reading and volume spike—setting up a potential bounce or breakdown.
📈 Technical Analysis
- Short-term trend: Bearish
- Support: $0.9380
- Resistance: $1.1688
- Pattern: Strong downtrend with no clear reversal yet
- Volume: Elevated at 68.69M, above both MA(5) and MA(10)
- RSI: 15.05 – extremely oversold
- Short-term outlook: Bearish, but oversold conditions may trigger a relief bounce
📰 Market Data & News
- Price: $0.9590
- 24h Change: -9.37%
- No major headlines or listings reported
🔄 Scenario Breakdown
- Bullish Case: RSI recovery above 30 with volume support could trigger bounce toward $1.05
- Bearish Case: Breakdown below $0.9380 confirms continuation toward sub-$0.90 levels
📊 Sentiment Meter
📉 Bearish Bias – Sellers in control, weak volume structure despite spikes
⚠️ Risk Level
🔴 High – Volatile price swings, weak support, unclear trend
💬 Will MYX bounce from oversold levels or continue sliding below $0.90? Drop your take below 👇
📊 This trade is part of a bigger picture—click the chart and take your position. Let’s build long-term success, one setup at a time. 💬 Like, Follow & Share to stay ahead of the curve!
📢 Not financial advice. Use this analysis as a learning tool, not a trading signal. DYOR and manage your ri
sk.
MYX #TheCryptoMalik