Myro Price Prediction: MYRO Bounces With 15% Surge But Analysts Say This Presale Is One Of The Best Meme Coins You Can Buy Right Now.

adminJanuary 17, 2024

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Miro prices have surged 15% in the last 24 hours. Traded for $0.147 As of 7:50 PM ET, trading volume was down 73% to $32 million.

Myro price faces resistance at $0.18 supply zone

Myro price chart analysis. Source: Tradingview.com — MYROUSDT chart analysis. Source: Tradingview.com

Despite the prolonged struggle, strong support zones and a double bottom pattern fueled the bulls and allowed the price to surge beyond expectations. The double bottom pattern serves as a signal for traders to change their buying trend.

Despite the elasticity pushing prices higher, Miro prices remain below the $0.18 supply zone. The upper boundary of the accumulation phase provided an excellent entry opportunity for initially bullish investors, pushing the price higher and reaching the $0.18 supply area. However, at this point the bulls encountered resistance, leading to a decline in the price.

Myro price indicator remains bullish, with bullish targets targeting $0.3.

Current price indicators remain bullish, indicating positive near-term and medium-term momentum as the price is trading above the 50-day simple moving average (SMA). A continued bullish trend could see the price overcome the 200-day SMA hurdle, reinforcing long-term bullish sentiment.

The relative strength index (RSI) is 73, trading above the 70 overbought level, indicating strong buying pressure.

Encouraged by the breakout of the double bottom pattern, bulls are targeting a potential upside towards the $0.3 level.

However, if the supply zone at $0.18 remains resilient, the bears may maintain a correction phase, forcing the bulls to retreat to the protective support zone at $0.092.

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