MYX Finance has experienced a dramatic market crash, losing close to 67% of its value over the past week. This steep decline occurs while Bitcoin reaches new all-time highs, underscoring a growing disparity between the two assets. Investor confidence in MYX's recovery seems to be waning, with technical indicators suggesting ongoing bearish momentum.

The Relative Strength Index (RSI) for MYX stays well below the neutral 50 mark, proving sellers dominate while buying pressure is nearly non-existent. However, MYX has not yet reached the oversold zone, indicating there may still be room for further decline.