Core Viewpoint - MYX Finance price has dropped significantly below the $5.00 level, indicating increased downside risk and a bearish market structure [1][6]. Price Movement and Market Sentiment - MYX price has decreased by 23% in the last 24 hours, currently trading at $4.87, and is breaking down from a bearish ascending wedge pattern [6][7]. - The market sentiment has shifted towards bearish, with increased short positioning among MYX traders, as evidenced by negative funding rates in the futures market [2][3]. Technical Indicators - The Money Flow Index (MFI) shows heavy selling pressure, trending lower and indicating sustained capital outflows, confirming bearish momentum in short-term trading [4]. - Although the MFI is nearing the oversold threshold, it has not yet dropped below 20.0, which typically signals potential accumulation at discounted prices [5]. Potential Price Targets - The wedge structure suggests a potential decline of 43% towards $2.81, with a more immediate target near the $4.07 support zone [7]. - A confirmed break below $4.61 would increase the likelihood of testing the $4.07 level, with further downside risk if broader crypto sentiment worsens [8]. Investor Behavior and Future Outlook - A shift in investor behavior could change the current outlook if MYX becomes oversold, leading to potential stabilization if inflows exceed outflows [9]. - A decisive move above the $5.75 resistance level could invalidate the bearish thesis and drive the price towards $6.00 in the near term [9].