$MYX makes a big move!! in the wrong direction
#MYX is many people's tip for a spot listing soon, but it's crashed 30% today. 😭😭
Much of the recent rally was fueled by rumours and hype surrounding a major spot listing.
After failing to break through the critical resistance band of $6.40 to $7.30 several times this month, the price hit a triple top. This triggered a wave of stop-losses and liquidations for traders who were over-leveraged on the long side.
The broader market is currently in a state of extreme fear (9). With Bitcoin slipping below $67,000 following strong US jobs data and liquidity concerns, high-beta altcoins like MYX are often the first to be dumped.
Despite the V2 upgrade and recent airdrops, analysts have noted that protocol revenue remains relatively low compared to the token's multi-billion dollar FDV. This makes the price highly sensitive to shifts in sentiment.
$DIGI continues to suffer too, while $FHE joins the day's
#AlphaLosers