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Myro Price Prediction As MYRO Plunges 28% In a Week, Despite Paving A Path For Every Future Solana Coin

The Myro price has plunged 28% in the past 7 days and 2% in the past 24 hours, trading at $0.1967 as of 3:35 a.m. EST. 

MYRO’s 24-hour trading volume and market capitalization have plummeted 25% and 2%, respectively, to 29 million and 187 million.

Despite its plunge in price, ‘’Myro has paved the path for every future Solana coin,’’ said a Myro enthusiast, CrytoFrog Via X platform. He added that the memecoin season started popping off just after Myro launched, which is not coincidental. 

However, he has given his precaution to anyone fading out Myro, saying,

‘’ If you had listened to me a few months ago, you would be rich now. Stop fading the good boy, or you will be working 9-5 for the next five years.’’

Further, the Myro team is ready to sample the long-awaited Myro plushies after receiving the first samples. The team has noted that mass production is in progress, as 70% of plushies are already sold out.

On the other hand, bulls are optimistic that the Myro price will pump and come back stronger than ever, making Solana great again.

Myro Prediction Statistical Data

The Myro price is trading bearishly, recording a series of lower highs after a rejection from the psychological level of $0.3000. 

  • Myro price now – $0.1967
  • Myro market cap – $186 million
  • Myro total supply – 999 million 
  • Myro circulating supply – 944 million 
  • Myro Coinmarketcap ranking – #291
Myro Price
MYRO/USDT. Source: Dextools.io

The Relative Strength Index(RSI) supports the bearish outlook, hovering below the 50-mean level, currently at 41. This indicates intense selling pressure, and the bears are in control of the Myro market. If the selling pressure heightens, it might push the RSI to the dip, potentially oversold level, which is 30. Such a scenario will signal that the bears are having the upper hand.

Moreover, the 50-day and 200-day Simple Moving Averages (SMA) are trading above the Myro price, solidifying the intense selling pressure. 

On the other hand, the Moving Average Convergence Divergence (MACD) is in negative territory. The blue average line sits slightly above the orange signal line at the neutral level. Increased pressure from the bears might cause it to cross below the orange signal line, increasing the bearish momentum. 

Myro Price Prediction

A 4-hour chart analysis of the Myro price indicates a bearish outlook, with the bulls facing rejection at the $0.3000 mark. However, the pennant pattern formation suggests that a bullish reversal will likely occur, hinting at a significant upward breakout.

If the bulls take advantage of the $0.1904 support level, they may propel the price above the 50-day and 200-day SMA to $0.2365. However, in a highly bullish scenario, the bulls may push the price upward, surpassing its resistance at $0.3000 to a new all-time high of $0.3210.

Conversely, if the bears continue dominating below the 50-day and 200-day SMA, the current support zone may weaken, lowering the price to $0.1580, which coincides with the MA crossing.

Bottom Line

Myro, the Solana-based memecoin, is set to take another rally, potentially recording a new ATH. However, as the bulls are poised to take control of the Myro market, it is essential to conduct a detailed analysis to know when to get into the market and bag some profits. 

The MYRO tokens can be traded on centralized exchanges, including ByBit, where the most active trading pair, MYRO/USDT, has a trading volume of over $2 million in the past 24 hours.

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Disclaimer: Cryptocurrency is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

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