- MYRO token price chart shows a double bottom formation and is waiting for a rebound.
- Buyers are trying to escape the round mark of $0.1000 to acquire momentum.
Myro token (MYRO) price is hovering below the $0.1000 mark and made a double bottom formation, which indicates that a reversal is likely to appear soon. However, the neckline of $0.1100 must be surpassed for a trend reversal. Otherwise, the token may persist in facing a selloff. The token price is in the bearish region and depicts range-bound moves for the past sessions.
MYRO token price has witnessed buying interest and has acquired strength in the past sessions. The token has jumped over 50% this week and is guiding buyer accumulation on the charts. If the token succeeds in crossing the $0.1000 hurdle, a rise toward $0.1200, followed by $0.1500, can be anticipated shortly.
The Myro token (MYRO) price was $1.30 at press time, with an intraday drop of 2.10%, showing neutrality on the charts. Moreover, the trading volume has increased by 3.20% to $60.93 Million. Mina coin has a monthly return ratio of 26.71% and 43.80% on a monthly basis, revealing a neutral outlook. The pair of MINA/BTC is at 0.00000156 BTC, while the market cap is $92.28 Million. Analysts are neutral and suggest that the Myro token (MYRO) price will face consolidation and selloff in the following sessions.
MYRO Displays Consolidation, Can Bulls Tops $0.1000 Mark?
On the daily charts, the token depicted a roller coaster move and corrected from the highs of $0.2500 and dragged over 70% in the past weeks. Moreover, the token stayed in a bearish trajectory, and bulls must climb above the primary hurdle of $0.1100 to reverse the trend. However, the token has risen to the 20-Day EMA and is looking to escape the range highs of $0.1000.
The RSI curve stayed in the oversold region and depicted a positive divergence on the charts. Furthermore, the MACD indicator shows a bullish crossover and displays cues of buyer accumulation, suggesting a favorable bounce for the upcoming sessions.
MYRO Exhibits Rising Parallel Channel, Is a Bullish Trend Ahead?
On the hourly charts, the token exhibited a rising parallel channel, and fresh buying interest was witnessed with a rise in trading volume. Moreover, the token is anticipating a range breakout and persisted in forming the higher high swings for the past hours. Buyers must sustain the gains above the prompt hurdle of $0.1000 to attain a breakout in the following sessions.
Summary
The Myro token (MYRO) price chart reflects a rebound from the range lows with buying momentum. Moreover, the token has gained momentum and is looking to escape the $0.1000 hurdle.
Technical Levels
Support Levels: $0.0900 and $0.0750
Resistance Levels:$0.1100 and $0.1300
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.