- Myro trading price has witnessed a huge surge in its trading volume.
- The trading price of the crypto has advanced by 9% in the last 24 hours.
Myro is a dog-themed memecoin built on Solana. Launched in late 2023, it aims to make crypto fun and accessible. While lacking specific uses, it fosters community engagement and has seen recent price increases.
Myro crypto has witnessed an advance of 8.47% in the last 24 hours which makes it the 292nd largest cryptocurrency in the global crypto market. Followed by a market cap dominance of 0.01%, the market cap value of the crypto is $252.971 Million.
The trading volume of the Myro crypto has witnessed an advance of 69% in the last 24 hours. This further results in a traded value of $39.709 Million and the traded volume ranking of the crypto is #171. This further results in a volume/market cap ratio of 15.04%.
The crypto has a maximum supply of 1.0B MYRO and the total supply of the crypto is 999.981M MYRO. This further results in a circulating supply of 944.203M MYRO which is 94.42% of the maximum supply. Also, the fully diluted market cap of the crypto is $268.083 Million.
The crypto is highly volatile resulting in 18.64% and the sentiment of the crypto is bullish. The fear and greed index of the crypto is also showing extreme greed and is at 76.
Myro Crypto Derivatives Analysis
The open interest in crypto has witnessed huge advances over the last few days and in the last 24 hours the open interest was up 5.4% to $46.93 Million. The derivatives trading volume for the crypto has advanced by 53.8% which results in a traded value of $113.7 Million.
Also, the long/short ratio of the crypto is 0.9425 and the long liquidation for the crypto is worth $80.73K and the short liquidation for the crypto is $41.21K.
Social Dominance Vs Social Volume Of MYRO Crypto
Over time, the social dominance of the crypto has declined and following this, the social dominance of the crypto has also declined. This further shows that the crypto community is less socially active.
MYRO Crypto Technical Analysis
The price of the crypto was consistently advancing to higher levels and is currently trading above the breakout zone. The price of the MYRO crypto further has recently formed a lower high but is forming bullish candlestick patterns.
Thus, if the price of the MYRO crypto breaks above the most recent swing high, a further continuation in the trend of the crypto to the higher side might be seen.
MYRO/USD Chart by TradingView
The 20-day and the 50-day EMAs are trading in a golden cross following which the price of the crypto is trading above the given EMAs. This indicates strength in the trading price of the crypto.
The MACD and the signal line are trading above the zero level but the following metrics are trading in a bearish cross which indicates the possibility of retracement in the price of the crypto.
The RSI further is following a bullish cycle and the RSI has recently broken above the 14-day SMA followed by the breakout above the 50-level.
Summary
Myro crypto, a dog-themed memecoin on Solana, exhibits strong bullish indicators. With a surge in trading volume and price, it sits among the top 300 cryptocurrencies. Social activity may be declining, but technical analysis suggests potential for further price advancements, especially if it breaks recent highs.
Technical Levels:
- Support Levels: $0.05950 and $0.20680
- Resistance Levels: $0.3720 and $0.44750
Disclaimer
This article is for informational purposes only and does not provide any 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.