MYX Finance (MYX) Daily Market Analysis 17 February 2026

MYX Finance Faces Sharp Selloff Amid Market Volatility

MYX Finance (MYX) has crashed 23.5% to $2.18 in the past 24 hours, wiping out nearly $130 million in market capitalization as the decentralized finance protocol faces intense selling pressure. The token plunged from a 24-hour high of $2.85 to a low of $2.17, with the current price representing an 88.5% decline from its all-time high of $19.03 recorded on September 11, 2025.

Market Performance and Volatility

The DeFi protocol's 7-day losses now exceed 66% amid sustained selling pressure. Trading volume reached $24.9 million as investors rushed to exit positions. Specific catalysts for today's sharp decline remain unclear as of press time.

Recently MYX has had a lot of volatility; Average daily price movements of 12%-24% can easily be attributed to the significant amount of leverage in the market and low overall liquidity.

Technical Outlook and Support Levels

At $2.18, MYX Finance trades at a critical technical juncture near its 24-hour low. The next few trading sessions will be crucial in determining whether buyers can stabilize the token or if selling pressure continues.

Upcoming Protocol Developments

Despite current market headwinds, MYX's V2 Protocol Upgrade in Q1 2026 aims to introduce zero-slippage execution and cross-chain improvements. Non-EVM Chain Expansion is planned for 2026, with Advanced Liquidity Pools expected mid-2026, and a Governance DAO Launch also scheduled for 2026.

Market Position

The market cap is $395.50M, ranking it #115 among all cryptocurrencies. The most popular exchange to buy and trade MYX Finance is Bitget, where the most active trading pair MYX/USDT has a trading volume of $1,450,493.83 in the last 24 hours.

MYX Finance Price Analysis

Current Price and 24-Hour Performance

MYX Finance (MYX) is trading at $1.83, down 9.4% over the last 24 hours. The token has experienced significant weakness, with an additional 3.53% decline in the past hour alone.

Market Metrics

• Market Capitalization: $347 million
• 24-Hour Trading Volume: $18.68 million
• Fully Diluted Valuation: $1.82 billion
• Available Supply: 190.77 million MYX

Extended Price Weakness

The 24-hour decline is part of a broader downtrend. Over the past 7 days, MYX has fallen 70.97%, indicating sustained selling pressure and significant investor concern. This extended weakness suggests the current decline is not isolated to today's market conditions but reflects a longer-term deterioration in token value.

Volatility and Risk Assessment

MYX exhibits elevated volatility with a volatility score of 57.32, and carries a risk score of 73.18 (on a scale where higher indicates greater risk). The combination of steep weekly losses and high volatility suggests the token is experiencing substantial market stress.

Trading Activity

The $18.68 million in 24-hour volume indicates moderate liquidity relative to the market cap, though the significant price decline suggests selling has outpaced buying interest during this period.

Market Sentiment Analysis: MYX Finance (MYX)

Overall Sentiment: BEARISH

The community is bearish about MYX Finance (MYX) today. This negative sentiment reflects a significant deterioration in market conditions over the past week, despite underlying protocol fundamentals remaining intact.

Price Action and Recent Decline

MYX Finance (MYX) plummets 23.5% to $2.18 in 24 hours, erasing $129.7M in market cap. The DeFi protocol's 7-day losses now exceed 66% amid sustained selling pressure. The token has plummeted 66.3% over the past seven days and 60.2% in the last 30 days, indicating sustained bearish pressure rather than a temporary correction.

Social Media and Community Sentiment

On Twitter, people are mostly neutral about MYX Finance. There were 31.39% of tweets with bullish sentiment compared to 3.12% of tweets with a bearish sentiment about MYX Finance. 68.61% of tweets were neutral about MYX Finance. However, in the last 24 hours, across all social media platforms, MYX Finance has an average sentiment score of 4.7 out of 5.

Trader Positioning and Market Indicators

Despite strong spot demand, derivatives data signals caution. MYX's funding rate has dropped sharply into negative territory. This move reflects the growing dominance of short positions over longs. Futures traders appear increasingly skeptical about the sustainability of MYX's rally.

The trading volume of MYX Finance (MYX) is $41,274,076.28 in the last 24 hours, representing a 8.90% increase from one day ago and signalling a recent rise in market activity. However, this volume increase appears driven by liquidations and exit positions rather than accumulation.

Technical Positioning

Traders are closely monitoring whether MYX can find support at current levels or if further downside lies ahead. At $2.18, MYX Finance trades at a critical technical juncture near its 24-hour low. The next few trading sessions will be crucial in determining whether buyers can stabilize the token or if selling pressure continues.

Fundamental vs. Sentiment Disconnect

With the October crash, many are thinking MYX is done for, but it's the exact opposite because the price action might not be supporting now due to macro factors, but fundamentals have never been better. As MYX Finance's explosive growth is firmly rooted in robust on-chain fundamentals, moving beyond mere speculation. The platform has demonstrated consistent and significant expansion in user activity, evidenced by its surging monthly trading volume.

Catalysts and Outlook

The V2 upgrade, teased by MYX's official Twitter in December 2025, aims to introduce zero-slippage trading via enhanced Matching Pool Mechanics (MPM) and chain abstraction for seamless cross-chain swaps. Technical docs suggest gas optimizations reducing fees by ~30% for high-frequency traders.

MYX's price hinges on delivering V2's technical edge while navigating unlocks and macro headwinds. Short-term volatility is likely, but protocol adoption could anchor a bullish 2026.

MYX Finance (MYX) Technical Analysis

Current Price & Market Data

Price: $1.83 USD Market Cap: $347.0M 24h Volume: $18.7M Circulating Supply: 190.8M MYX Fully Diluted Valuation: $1.82B

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Price Performance & Momentum

The token exhibits significant bearish pressure across all timeframes, with particularly severe weakness over the weekly period indicating a strong downtrend.

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Technical Indicators Assessment

Volatility Score: 57.32 (Moderate-High) The elevated volatility score suggests substantial price swings, typical of assets in distressed conditions or experiencing significant selling pressure.

Risk Score: 73.18 (High) The high risk score reflects the token's unstable market conditions and the steep 7-day decline.

Liquidity Score: 42.36 (Below Average) Limited liquidity relative to market cap indicates potential slippage on larger trades and reduced market depth.

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Key Technical Observations

Downtrend Structure

• Weekly Decline: The -70.97% 7-day loss represents a severe breakdown, suggesting the token has broken below significant support levels
• Accelerating Weakness: The progression from -3.53% (1h) to -9.40% (24h) to -70.97% (7d) indicates deteriorating momentum and sustained selling pressure

Volume Analysis

• 24h Volume: $18.7M against a $347M market cap represents approximately 5.4% daily volume turnover
• The moderate volume relative to market cap during a sharp decline may indicate capitulation selling or reduced trading interest

Support & Resistance Framework

Immediate Support Levels:

• $1.83 - Current price (immediate support)
• $1.50-$1.60 - Estimated secondary support (based on recent price action)
• $1.00 - Psychological support level

Resistance Levels:

• $2.00-$2.10 - Near-term resistance (previous consolidation zone)
• $2.50+ - Intermediate resistance (would require reversal confirmation)

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Market Structure Assessment

Short-Term Outlook: Bearish The severe 7-day decline with continued 24-hour weakness suggests the downtrend remains intact. Recovery would require stabilization above $1.83 with volume confirmation.

Medium-Term Outlook: Uncertain The high risk and volatility scores combined with below-average liquidity create challenging conditions. Stabilization patterns and volume recovery would be necessary to establish a reversal.

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Trading Considerations

• Liquidity Constraints: Below-average liquidity score suggests wide bid-ask spreads and potential slippage
• Volatility Risk: 57.32 volatility score indicates substantial intraday price swings
• Trend Confirmation: Any recovery attempt would require volume confirmation and resistance level breaks to establish credibility