MYX Finance crashes 30% in a day as sell-off deepens

• MYX Finance price dropped more than 30% to under $4 amid mounting selling pressure.
• The Relative Strength Index (RSI) suggests oversold conditions, potentially sparking a relief bounce.
• Downside is, however, the path of least resistance amid a technical breakdown.

MYX Finance (MYX) price has declined by more than 30% in the past 24 hours, hitting fresh lows under $4.

The Sequoia and Consensus-backed decentralized liquidity protocol ranked as the biggest loser among the top 100 coins on Wednesday, with its dramatic downturn extending the rot since prices sharply dropped from highs of $6.9.

As of writing on February 11, 2026, the token’s price hovered at levels last seen in early January.

MYX Finance price falls 30% as sell-off intensifies

There were sharp declines across the broader cryptocurrency market on Wednesday as Bitcoin fell to under $66k again.

But while Arbitrum, Bittensor, World Liberty Financial, and Jupiter all slipped, MYX Finance’s 30% drop over the period was the sharpest.

The bleeding pushed the token below the critical $4 threshold, with a return to $3.88 marking the biggest drop since the 48% mauling on October 10, 2025.

Why is MYX Finance price down?

MYX is crashing amid massive selling pressure. According to CoinMarketCap data, the altcoin saw a nearly 120% spike in daily trading volume as prices plummeted.

As noted, the sell-off comes as the broader crypto market jitters push sentiment into extreme fear territory.

Bitcoin’s struggle to hold above $70k, with sharp declines to $65k in the past 24 hours, has exacerbated the downside action.

Spooked holders are now dumping the MYX accumulated during the token’s rally to above $6.9 last month.

The price capitulation now has MYX Finance’s total value locked (TVL) down to $27 million. DeFiLlama also shows protocol fees, a key revenue driver, are also sharply down as institutional interest wanes.

Open interest in MYX perpetual futures contracts has slipped to $26 million, compared to over $182 million in October 2025 and $59 million in early January.

Technical analysis: What next for MYX?

From a technical perspective, MYX Finance’s trajectory is largely bearish.

The token has decisively broken below a multi-week ascending channel pattern on the daily chart, with the technical formation having supported its uptrend to year-to-date highs.

This breakdown, which could be confirmed by a close under the channel’s lower boundary, signals strong downside continuation.

Other indicators allude to the potential for further erosion of bullish momentum.

RSI on the daily chart is decisively sloping into oversold territory, but it’s not there yet to suggest room for bears to manoeuvre.

MYX price is also below a key ascending trendline from Nov. 2025, with psychological support at $3.60. If sellers drive MYX under $3.00, the next major demand reload zone will be $1.85.

On the upside, any short-term rebound faces formidable resistance at the $6.90 zone. Before that, bulls have to negotiate the mild overhead supply clusters around $4.80.