{"id":11819,"date":"2025-10-07T18:44:43","date_gmt":"2025-10-07T18:44:43","guid":{"rendered":"https:\/\/cryptonewsdesk.com\/?p=11819"},"modified":"2025-10-07T18:44:47","modified_gmt":"2025-10-07T18:44:47","slug":"myx-price-rebounds-after-75-crash-as-traders-eye-key-resistance-levels","status":"publish","type":"post","link":"https:\/\/cryptonewsdesk.com\/index.php\/2025\/10\/07\/myx-price-rebounds-after-75-crash-as-traders-eye-key-resistance-levels\/","title":{"rendered":"MYX Price Rebounds After 75% Crash as Traders Eye Key Resistance Levels"},"content":{"rendered":"\n<p>After a brutal 75% decline from its recent peak, <strong>MYX Finance (MYX)<\/strong> is showing the first signs of stabilization and possibly, the beginnings of a <strong>technical rebound<\/strong>.<\/p>\n\n\n\n<p>The token, which plunged from <strong>$17.50<\/strong> to around <strong>$4.40<\/strong>, has finally found some footing as technical indicators hint at early accumulation and fading bearish momentum.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>RSI Rebounds from Oversold Territory<\/strong><\/h4>\n\n\n\n<p>Following weeks of steep losses, MYX price action appears to be calming. The <strong>Relative Strength Index (RSI)<\/strong> \u2014 which had plunged deep into oversold territory is now curling upward, suggesting that <strong>selling pressure may be easing<\/strong>.<\/p>\n\n\n\n<p>At the same time, <strong>trading volume is showing a slight uptick<\/strong>, indicating that some traders are stepping back in to buy the dip. These signs together hint at the possibility of a <strong>short-term technical bounce<\/strong> as market sentiment gradually stabilizes.<\/p>\n\n\n\n<p>Currently, MYX is trading near <strong>$4.40<\/strong>, a key support area that buyers have defended multiple times. A sustained hold above this level could pave the way for a rebound attempt.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Key Levels to Watch: Resistance and Risk Zones<\/strong><\/h4>\n\n\n\n<p>Despite the recent improvement, the overall trend remains cautious. MYX still trades well below the <strong>7-day simple moving average (SMA)<\/strong>, underscoring that <strong>bears maintain control<\/strong> in the bigger picture.<\/p>\n\n\n\n<p>On the upside, the <strong>first major resistance zone sits between $8.50 and $9.50<\/strong>, aligning with the <strong>0.382 Fibonacci retracement level<\/strong>. A <strong>daily close above this range<\/strong> could trigger a stronger recovery, with the next targets set around <strong>$12\u2013$14<\/strong>, matching higher Fibonacci levels.<\/p>\n\n\n\n<p>However, if the token <strong>fails to hold above $5<\/strong>, analysts warn that <strong>new lows could be on the horizon<\/strong>, potentially invalidating the short-term recovery narrative.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Community Distrust Behind the Sell-Off<\/strong><\/h4>\n\n\n\n<p>The sharp decline in MYX price appears to have been <strong>driven by controversy surrounding its airdrop distribution<\/strong>.<\/p>\n\n\n\n<p>On <strong>September 11<\/strong>, blockchain analytics firm <strong>Bubblemaps<\/strong> published a report alleging that over <strong>100 sybil wallets<\/strong> multiple addresses believed to be controlled by the same entity had received roughly <strong>1% of the MYX supply<\/strong> during the project\u2019s airdrop.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\ud83e\uddf5 <em>According to Bubblemaps\u2019 investigation, one of these wallets showed funding links to MYX\u2019s creator, sparking speculation of undisclosed control or manipulation.<\/em><br><a href=\"https:\/\/twitter.com\/bubblemaps\/status\/1966158091034165408\">Source: Bubblemaps on X<\/a><\/p>\n<\/blockquote>\n\n\n\n<p>The findings triggered <strong>concerns about transparency<\/strong> and <strong>trust issues within the community<\/strong>. MYX\u2019s <strong>unclear response<\/strong> to the allegations only deepened investor uncertainty, leading to widespread <strong>panic selling<\/strong> and the subsequent price collapse.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Outlook: Early Signs of Recovery, But Fragile<\/strong><\/h4>\n\n\n\n<p>While MYX shows technical signs of a rebound rising RSI, increased volume, and support holding near $4.40 traders remain cautious.<\/p>\n\n\n\n<p>The market will likely look for <strong>confirmation through stronger volume and a clean breakout above $9<\/strong> before calling it a sustainable reversal. Until then, the token\u2019s recovery may remain fragile and dependent on restoring investor trust.<\/p>\n\n\n\n<p>If MYX can regain momentum and rebuild credibility, the <strong>$12\u2013$14 zone<\/strong> could be a realistic short-term target. For now, though, <strong>stability above $5<\/strong> will be key to avoiding another wave of selling.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After a brutal 75% decline from its recent peak, MYX Finance (MYX) is showing the first signs of stabilization and possibly, the beginnings of a technical rebound. The token, which plunged from $17.50 to around $4.40, has finally found some footing as technical indicators hint at early accumulation and fading bearish momentum. RSI Rebounds from&#8230;<\/p>\n","protected":false},"author":3,"featured_media":11820,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[758,1762,281],"class_list":["post-11819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-crypto-news","tag-myx","tag-price-analysis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>MYX Price Rebounds After 75% Crash as Traders Eye Key Resistance Levels - Crypto News<\/title>\n<meta name=\"description\" content=\"MYX price rebounds from $4.40 after a 75% crash, with RSI recovery and rising volume hinting at accumulation. 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