Data often reveals the truth. According to on-chain data analysis provided by CoinWings, MYX's price may be at further risk of falling. Although this view does not seem to be widely accepted, we cannot ignore the warnings behind the data.

It is worth noting that if the price does indeed start to fall, we may simultaneously observe large-scale selling behavior on-chain. This phenomenon usually exacerbates the trend of price decline, creating a negative feedback loop.

As investors, we should closely monitor these data indicators and assess potential risks in conjunction with other market factors. At the same time, we must also remember the unpredictability of the market and maintain rationality and vigilance.

Data analysis is indeed a powerful tool in the cryptocurrency market, but it is not a crystal ball for predicting the future. We need to consider various factors comprehensively, including but not limited to project fundamentals, market sentiment, and the macroeconomic environment.

Regardless, staying calm and objective is key to dealing with market fluctuations. For MYX holders, now might be a good time to reassess investment strategies.