Brutally oversold alpha tokens barely hanging on. Can they recover??
has seen a massive price collapse over the last 48 hours, down from its $87.00+ ATH in late January
A massive token unlock event (approx. $58 million) hit the market between Feb 16 and19. This has caused a 32% drop today and a 53% drop over the week.
Deeply Oversold. RSI is scraping the sub-20 floor on lower timeframes. It has lost nearly 90% from its ATH in just 24 days.
While the fundamental backing (Arthur Hayes/BitMEX) remains, the market is struggling to absorb the fresh supply. This is a falling knife scenario where $7.50 is the next psychological support.
$MYX has continued its downward spiral, dropping significantly below the $1.20 support
It has plummeted 30% in the last 24 hours and is down over 67% in the last 7 days.
Strong Sell / Deeply Oversold. The 1-month return is a staggering -81%. MYX is in price discovery to the downside. Despite a recent strategic round led by Consensys, the V2 launch hype hasn't been enough to stop the bleeding.
$ZKJ was showing signs of stabilizing after hitting a new bottom earlier this month, but it remains a high-risk alpha play due to persistent supply pressure.
ZKJ is trading just 9% above its all-time low. It has lost over 99% of its value since its March 2024 peak.
