{"id":12669,"date":"2025-10-06T13:36:09","date_gmt":"2025-10-06T13:36:09","guid":{"rendered":"https:\/\/bitunikey.com\/news\/myx-price-rebounds-after-the-recent-75-crash-is-the-bottom-in\/"},"modified":"2025-10-06T13:36:13","modified_gmt":"2025-10-06T13:36:13","slug":"myx-price-rebounds-after-the-recent-75-crash-is-the-bottom-in","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/myx-price-rebounds-after-the-recent-75-crash-is-the-bottom-in\/","title":{"rendered":"MYX price rebounds after the recent 75% crash \u2013 is the bottom in?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">MYX price is showing early signs of a technical rebound after plummeting nearly 75% from its recent high.<\/p>\n<div id=\"cn-block-summary-block_c2020807038c6e068dcd80029d71e221\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>MYX price found temporary support around $4.40, with RSI rebounding from oversold levels and slightly rising volume suggesting possible accumulation.<\/li>\n<li>Major resistance lies at $8.5\u2013$9.5; a break above could target $12\u2013$14, while falling below $5 risks new lows.<\/li>\n<li>MYX price crash may have been triggered by distrust after reports of sybil wallets receiving ~1% of supply during the airdrop.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>After recently crashing nearly 75% from the recent high of $17.5, MYX Finance (MYX) is showing the first signs of a potential short-term rebound. The steep decline broke through multiple support zones, but MYX price has now found temporary footing around the $4.40 level \u2014 a critical area where buyers started to step back in.<\/p>\n<p>The RSI, which had dipped deep into oversold territory, is beginning to turn upward, suggesting fading bearish momentum and the possibility of a technical bounce. Volume has also started to rise slightly, hinting that accumulation could be underway. However, the broader trend remains bearish, as MYX price still trades well below the 7 SMA.<\/p>\n<p>The first major resistance zone sits around $8.5\u2013$9.5, aligning with the 0.382 Fib, which will be a critical test for bulls. A breakout and daily close above this area could confirm a stronger recovery phase, opening the door for a move toward the $12\u2013$14 range, in line with the higher Fibonacci levels. However, failure to maintain support above $5 could potentially set the stage for fresh lows.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Sourece: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/skYOuuO6\/?symbol=BITGET%3AMYXUSDT\" target=\"_blank\" rel=\"nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Why did MYX price crash?<\/h2>\n<p>The sharp sell-off that began after October 1 may have been fueled by growing community distrust. On Sept. 11, analytics platform Bubblemaps <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/bubblemaps\/status\/1966158091034165408\">published<\/a> findings alleging that over 100 sybil wallets \u2014 addresses controlled by the same entity \u2014 had received approximately 1% of the MYX supply during the airdrop. <\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: The <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24MYX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$MYX<\/a> team is directly tied to wallets that claimed $170M from their airdrop<\/p>\n<p>Inside job?<\/p>\n<p>Here&#8217;s what we know \ud83e\uddf5 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/Kq1ubEgUBU\">pic.twitter.com\/Kq1ubEgUBU<\/a><\/p>\n<p>\u2014 Bubblemaps (@bubblemaps) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/bubblemaps\/status\/1966158091034165408?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">September 11, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Further investigation linked one of these wallets to the MYX creator\u2019s funding patterns, raising suspicions of manipulation or undisclosed control. The MYX team\u2019s vague <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/bubblemaps\/status\/1965479082256466347\/photo\/1\">public response<\/a> did little to restore confidence and market sentiment deteriorated rapidly \u2014 which likely triggered a cascade of panic selling of the token.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MYX price is showing early signs of a technical rebound after plummeting nearly 75% from its recent high. Summary MYX price found temporary support around $4.40, with RSI rebounding from&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11763,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=12669"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12669\/revisions"}],"predecessor-version":[{"id":12670,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12669\/revisions\/12670"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11763"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=12669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=12669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=12669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}