- Myro coin price has skyrocketed by 30% in the last 24 hours.
- Myro crypto price has surged by 300% this month indicating the complete dominating of bulls.
Based on the technical chart, the MYRO crypto price has witnessed a drastic pump in the price in the last few days. The price has skyrocketed by 500% in the last two weeks which shows the buyers’ grip. Mid-January, Myro coin price faced resistance from at $0.250 and fell by 85% in just two weeks.
After MYRO formed the triple bottom pattern, it managed to defend the $0.0500 mark. In the last week of February, the price showed recovery and surged by approximately 500% in a few days and recorded an all-time high of $0.427 on March 06, 2024.
At the time of writing, the price of Myro crypto was $0.38 with an intraday gain of 30%. The market capitalization is $345.44 Million and it increased by 12% in the last 24 hours. The 24-hour trading volume is $178.06 Million and in terms of the same metric, it is ranked 86th in the cryptocurrency market.
MYRO Price Has Been in a Bullish Trend; Will It Reach $0.500 Mark Soon?
On a daily time frame, the Myro price has witnessed a directional move reached an all-time high. If the current running candlestick completely engulfs the previous candlestick then positive momentum can be expected. If the price reaches the $0.400 mark, then the buyers may eye for the $0.500 level.
Alternatively, if the MYRO price fails to engulf the previous candlestick and the next candlestick is negative, then selling in the next few days is likely. If the price manages to defend the $0.250 mark, then this fall could be converted into a pullback and it may record a new all-time high in a few weeks.
But if the Myro coin price slips below the $0.250 level and sustains, then buyers may prefer to book profit, which may lead to a bearish momentum.
The Myro crypto price is trading over the significant moving average which indicates the bulls’ dominance. RSI is at 77 and heading toward the overbought zone showcases the positive momentum.
Technical Analysis of MYRO Price Over 4-H Timeframe
The MYRO coin price technical chart has displayed positive momentum and is rising by taking support on the trendline. Currently, the price has taken support on the trendline and has risen by 25% in the last 12 hours.
In the 4-H time frame, MYRO price has formed two doji candlestick after a pump of 20% and now buyers seem to have lost momentum in the short term. If the price falls and takes support on the $0.350 mark and bounces back, then it may perform positively over the next few weeks.
Conclusion
According to the chart, the MYRO price has been in a bullish trend and has risen by 500% in a month. It has recorded an all-time high and it has triggered a pullback in the short term. Based on the technical analysts, the Myro coin price may generate selling signals below the $0.250 level and buying signals over $0.400. Most of the technical indicators are favoring the buying momentum.
Technical Levels
Resistance Levels: $0.375 & $0.430
Support Levels: $0.300 & $0.250
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.