Token

Solana

Myro

Time

The post <a href="https://coinpedia.org/price-analysis/myro-breaks-out-of-sideway-pattern-may-be-its-time-to-buy/" rel="noopener noreferrer nofollow">MYRO Breaks Out Of SIdeway Pattern, May Be Its Time To Buy</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Named after the Dog of Solana co-founder MYRO token is one of the Solana network memecoin. The Token today has moved +14% in 24 hours and 34.90% in a month and currently trading at a weekly high of 0.193 USD.
In the daily chart, we can see the meme coin achieved a new all-time high of $0.446 in March 2024, and could not breach further. MYRO performance from the ATH till mid-April was bearish and a break out from there pushed the wave to trade sideways till then.&nbsp;
But Yesterday, the price made a breach above the sideway channel and heading towards the resistance of $0.196. Supported by the memecoin season If the buyers get in to accumulate more, the price will rally above the resistance.&nbsp;
Having a resistance at $0.122, the RSI at 59 reads the signal coming out of neutral zone to a bullish zone. With Bull Bear Power reading Positive at 0.03 shows a uptrend coming.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/C3NncJGFsf7dGJlOEdktbMsOKJjkw_ma8MIPOQNw5KWwypVcZCoVFRAg3k5999rKNmbdfVcqhFXCry5lxeOMTUmYYlU2Txz6tikDA_fey9YxX6X83FYajjfPy8ralrIWvBF1lL_PNS-7LObWmSAo9oY" alt="">
</figure>
<h2 class="wp-block-heading" id="h-trade-setup-for-myro">Trade Setup For Myro</h2>
The current market uptrend with Bitcoin crossing $66K gives a positive moment to the meme coins too. While we see all the top meme coins like Doge, PEPE, Shib and WIF are up and growing with market.&nbsp;
With the new breakout here is the time for Trend traders who can rely on the increase buying pressure.
Traders can wait for the breach above the resistance of $0.196 and enter the position in the same zone.If the price breaches this resistance we can see the rally enter int $0.2 to $0.25 range by this weekend. Reaching All time high could be invalidate as per the other indicators.

MYRO Breaks Out Of SIdeway Pattern, May Be Its Time To Buy

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