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- 1 Myro price has broken below the key exponential moving averages showcasing bearishness.
- 2 Crypto price is down by almost 37.03% in a month as bears pull the price down.
Myro has emerged as a cultural phenomenon within the Solana community, inspired by the pet dog of Solana’s Co-Founder. It’s swiftly becoming an iconic figure in the realm of Solana-based meme tokens. But Myro isn’t confined to mere internet humor; it’s poised to introduce a variety of innovative applications and functionalities that promise to contribute to Solana’s ecosystem’s prosperity.
The Myro crusade stands out in the Solana network, creating a unique convergence point for canine aficionados across the cryptocurrency universe.
As Solana’s blockchain and its native currency have witnessed a remarkable resurgence recently, Myro is ready to raise the bar for meme tokens within this space, heralding the arrival of a fresh mascot for the community.
MYRO Crypto Price VS Volume Analysis
The volume and price graph displayed that the trading volume has decreased from $594 Million to $30.88 Million in the last 30 days and the price has also declined. In the last few days, the price has melted massively and the trading volume declined even more, so the price is expected to go down short term.
MYRO Crypto Social Dominance vs Social Volume Analysis
The social dominance and social volume graph indicate a decline in social media interaction and awareness on platforms such as X, Instagram, and Telegram. The social dominance and social volume may influence the future movement of the MYRO crypto price.
Technical Analysis Of The MYRO Crypto Price
On the daily timeframe, bears are struggling to influence the price, resulting in a bearish outlook on the MYRO price forecast. In recent times, sellers have attempted to bring down the cryptocurrency price, breaking below the 50-day moving average and pushing the crypto to lower levels.
As per TradingView, the current price of the MYRO crypto is at $0.22722641 with an intraday loss of approximately 0.66%. The 24-hour trading volume of the coin is 30.31 Million and the market cap of the coin is $213.01 Million.
Moreover, the performance of the coin is outstanding as it gave an unbelievable return of 1191.93% in the last 6 months, and in the last 3 months, it grew by 141.44%. However, the MYRO price has experienced a mild weakness in recent times.
Based on the technical summary available on TradingView which includes an evaluation of MYRO price based on 23 indicators. Out of these, 10 indicators suggest a selling signal, 10 indicate a neutral stance, and the remaining 3 suggest a buying signal. Therefore, the indicators indicate selling pressure while also portraying a positive outlook for the MYRO price.
Summary
The MYRO cryptocurrency has seen a decline in trading volume and price, with a negative impact on social media interaction and awareness. The daily timeframe shows a bearish outlook, with attempts by sellers to bring down the price. As of now, the MYRO crypto is trading at $0.22722641, with a 24-hour trading volume of 30.31 Million and a market cap of $213.01 Million. Despite recent weakness, MYRO has given impressive returns in the last 6 and 3 months. Technical indicators suggest mixed signals, with a slight inclination towards selling.
Technical Levels
Support Levels: $0.1950 and $0.15925
Resistance Levels: $0.3460 and $0.4269
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.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
