📉 MYX Finance currency continues to decline – Is it approaching the bottom?

$MYX

After the skyrocketing rise in September, the MYX currency continues its deep correction, dropping today by -10.98% to trade at $2.67.

🔹 Technical outlook from the daily chart:

• Current price: $2.676

• Highest price (24h): $3.35

• Lowest price (24h): $2.52

• Trading volume (24h): 68.5M USDT

• SAR indicator: at $3.77, confirming the continuation of the downtrend.

• MACD: at -0.14, still in the negative zone but selling momentum has begun to slow down.

🔸 Support and resistance:

• Strong support: $2.50 – if broken, we may see a test of the $2.00 level.

• First resistance: $3.35

• Next resistance: $3.85

📊 Over the last 30 days, MYX has declined by -77%, which is a deep correction after a rise exceeding 3,000% in the last quarter.

But despite the drop, liquidity indicators still show interest at the current level, which may pave the way for a temporary rebound attempt if support holds.

🎯 Summary:

The currency is going through a cooling phase after a crazy surge, and the market is watching for a retest of the $3.5 area to confirm any potential bullish reversal.

Below $2.5, the market may enter into an additional short-term downtrend.

#MYX #Crypto #تحليل_فني #ضرار_الحضري