Myro Price Prediction: MYRO Plunges 16% As Investors Turn To This Meme Coin ICO With 100X Performance.

adminJanuary 26, 2024

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Miro prices plunged 16% to remain near spot prices. $0.173 8:11 AM EST.

However, despite the drop, OptimusBull expresses optimism about the recovery of the meme coin, asking his 21.2KX followers to buy the dip.

All declines to date have been $MYRO It has proven to be a good buying opportunity…
The current downward trend doesn’t seem to be any different….
Well done… 🙌🔥@Myrosol pic.twitter.com/zVHckAMP95
— OptimusBull(🥷🥷)(@OptimusBull_) January 25, 2024

Myro Price Prediction: Can Myro Rebound?

As can be seen from a deep analysis of the MYRO/USDT 1-hour chart, bears appear to be in control of the meme coin. If we look at the Bollinger Bands (BB), we can see that the current price is near the bottom of the Bollinger Band, indicating that it is potentially oversold. Considering the oversold situation, a price rebound may be possible if buyers intervene.

This is supported by the Relative Strength Index (RSI), which is around 35.5, which is close to the oversold threshold of 30. This often suggests that the asset may be undervalued and a trend reversal or decline may be imminent.

Myro Price Prediction: Will the downturn deepen?

On the other hand, the Awesome Oscillator (AO) histogram displays a red bar below the zero line and appears to increase in length. This indicates that the current bearish momentum is still strong, which may occur before the bearish sentiment persists. If the price falls below the lower band, it may indicate a continuation of the downtrend.

The Average Directional Index (ADX) is moving near 20, showing a mildly bullish trend supporting the bearish outlook. There are also several bearish engagement patterns on the charts, marked “BE”, which represent moments when selling pressure overwhelms buying pressure. These patterns often indicate bearish sentiment in the market.

The price is below the 20-day simple moving average (SMA) (the orange line of the Bollinger Bands), suggesting a bearish trend.

Considering all these indicators, the current chart presents a bearish outlook with the price trending downwards and several indicators suggesting that the asset is in a bearish phase. However, the lower Bollinger Band and RSI close to oversold conditions could mean that a short-term price bounce is likely as market sentiment changes and buying pressure increases.

1-hour MYRO/USDT chart | Source: TradingView

Meanwhile, as Myro price struggles, its successor Sponge ($SPONGE) is emerging as another attractive meme coin alternative.

Investors are eager to acquire Sponge V2 tokens as it is rated as one of the best cryptocurrencies for exponential growth.

Sponge V2: An alternative to MYRO?

Sponge V2, the highly anticipated successor to Sponge V1, is preparing for launch on various exchanges. Those who missed out on the opportunity to participate in Sponge’s 100x surge in 2023 now have another opportunity with SpongeV2.

Aren’t 10 exchanges enough? 😉#Sponge V2 We will be listed on bigger and better exchanges! 🔥
Not ready to accept what happens next?#Sponge V2 #memecoin #Ticketing pic.twitter.com/LdXRYu65Z8
— $SPONGE (@spongeoneth) January 23, 2024

SpongeV1, which has secured a presence on major centralized exchanges including BitMart, LBank, and Toobit, has attracted more than 13,000 participants and has a market capitalization exceeding $100 million.

SpongeV2 has already seen over $4.4 million worth of tokens staking and bridging. One feature is What sets Sponge V2 apart from previous versions is its new Play-to-Earn (P2E) gaming feature that integrates thrilling gaming activities into the user experience.

Justin Sun engaged to SPONGE

Last year, Tron foudner Justin Sun purchased $SPONGE tokens, which are now worth over $90,000. This acquisition is consistent with X’s previous declaration to invest in meme coin ventures with potential.

I decided to actively trade meme coins and promising projects through public addresses. Any losses that may arise from these transactions will be personally borne by me, and all profits generated will be donated to charity.
— HE Justin Sun Sun Yuchen (@justinsuntron) May 11, 2023

The new equity return approach in Sponge V2 delivers an incredible 273% annualized return. With Myro price currently struggling, meme coin enthusiasts can jump into this project for guaranteed profits.

Prominent YouTuber Conor Kenny, who boasts over 178,000 subscribers, believes the project can surpass Sponge V1’s reputation and achieve another 100x profit upon release.

To get Sponge V2 tokens, connect your wallet to the SpongeV2 website and exchange Ethereum or USDT for V2 tokens. Alternatively, you can use your credit card to make your purchase.

Visit the Sponge V2 official website here..