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MYX Finance price has dropped sharply, slipping below the critical $5.00 level and signaling growing downside risk.
The breakdown follows several sessions of declining momentum. Selling pressure accelerated after MYX failed to hold key intraday support. Market structure now reflects a bearish shift.
MYX Traders Turn Bearish
The recent dip has triggered increased short positioning among MYX traders. Funding rate data shows the futures market is dominated by short contracts. Negative funding reflects bearish…
