MYX Finance Token Experiences 72% Decline Amid Negative Market Sentiment

MYX Finance's token has experienced a significant 72% decline over the past week, reaching its lowest point in three months. According to NS3.AI, this downturn is primarily attributed to aggressive short selling and negative market sentiment, rather than fundamental issues or a decrease in user engagement. Despite the sharp drop, the total value locked in the platform has only seen a modest decrease. Key support levels at $1.68 and $1.43 are crucial for determining future price movements. A potential recovery could be on the horizon if the token price surpasses $2.48.