MYX was previously analyzed at 0.085u. Some things have happened in the past few days, let's update.

Although the V2 upgrade went live, the price has not reacted at all and has been falling.

The most recent key signal is that on June 19, someone discovered a large wallet transferring MYX worth nearly 2.5 million into an exchange. Historically, such operations are basically preparing to sell off. After the news came out, the price accelerated downward.

There is also another issue: a minority token in the market is about to unlock. New chips coming in means new selling pressure, and the buy side simply cannot absorb it.

Earlier, ZachXBT had already called out this project, saying the price trend was problematic. On-chain data showed that its ups and downs were not formed by natural trading.

At the current position, the support below is at 0.06u, and the resistance above is at 0.1u.

In the short term, I am not optimistic about its rebound. With large wallet shipments and release pressure, it's hard for the price to break out until these two things are fully digested.

If you hold a position, 0.085u is not the time to add. Wait until the downtrend stabilizes and trading volume picks up again.

$MYX

#$BTC $MYX