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- 1 Myria crypto shows selling pressure and is heading toward the demand zone of $0.005000.
- 2 Sellers have gained momentum and looked aggressive in the past trading sessions.
Myria stands as a specialized Ethereum Layer 2 enhancement designed to elevate the performance of NFTs, blockchain gaming, and more. Crafted in collaboration with StarkWare, Myria’s solution delivers immediate transaction confirmations and allows for gasless minting and trading of NFTs, all while maintaining asset security. Leveraging StarkWare’s STARK prover, Myria’s Layer 2 employs ZK-Rollup technology to consolidate numerous transactions into one, achieving up to 9,000 TPS.
In its pursuit to advance tokenization across diverse sectors, Myria is actively developing its Layer 2 solution, which is non-custodial by nature. A comprehensive array of blockchain tools complements this development.
The use of Starkware’s zero-knowledge proof systems enables the amalgamation of myriad Layer 2 transactions into a singular Ethereum transaction, boosting transaction speed and reducing costs—key factors for a fluid token experience.
Opting for a tightly integrated Layer 2 solution tethered to Ethereum rather than a detached or fully independent sidechain, Myria ensures it can satisfy the stringent performance demands of the most intensive applications without compromising on users’ trust in Ethereum’s proven security mechanisms.
Contrary to the common belief that usability and decentralized security cannot coexist, Myria’s Layer 2 demonstrates that it can achieve both simultaneously.
Myria Crypto Price vs Volume Analysis
The santiment graph suggesting the volume and price of trading shows a decrease in volume over the past few days, with a corresponding decrease in price. The price has shown a significant decline over this period, leading to an expectation of further decline in upcoming sessions.
Myria Crypto Social Dominance vs Social Volume.
The social dominance and social volume graphs suggest a downward trend in both metrics over the last few months. This increase has had a negative effect on the price. Additionally, social and volume dominance changes may influence any potential momentum in the APE price.
Technical Evaluation Of Myria Crypto
MYRIA by writer12_gsm on TradingView.com
Myria crypto price has been struggling to break above the key resistance level and has been stuck below it. Currently, Myria cryptos need more buyers to support an upward movement toward recovery. However, the trading volume is low, which indicates a lack of interest and momentum. At the same time, Myria cryptos have broken below the 20, 50, 100, and 200-day daily moving averages, which are bearish signals.
Myria cryptos have recently experienced a significant decline in their prices, with a loss of 22.41% in the last week and a fall of 39.39% in the month. In addition, these cryptocurrencies have declined approximately 22% in the past three months and plunged by 27% in the year to date. These trends highlight the difficulties faced by Myria cryptos in their efforts to recover throughout the year.
Technical indicators suggest the downside trend of Myria crypto price. Relative strength index showcases and moving average convergence divergence both indicate the slippage of Myria crypto price.
The price at present requires substantial support from the buyers in order to make a recovery, as it is facing major resistance from the previous resistance points and multiple moving average levels. According to the candlestick patterns, buyers are pulling the price action into their grasp.
Summary
The Myria crypto price has been struggling to break above the key resistance level and has been stuck below it. The trading volume is low, which indicates a lack of interest and momentum. The cryptocurrency has recently experienced a significant decline in its prices, with losses in the past week, month, three months, and year to date. Technical indicators suggest a downside trend in the Myria crypto price. The price requires substantial support from the buyers to make a recovery. Social dominance and social volume graphs suggest a downward trend in both metrics over the last few months, having a negative effect on the price. The Santiment graph suggests a decrease in volume and price of trading over the past few days, with an expectation of a further decline in upcoming sessions.
Technical Levels
Support Levels: The Myria crypto price may find support at $0.005511 and $0.004000, where it could bounce back or stabilize.
Resistance levels: The MYRIA crypto price may face resistance at $0.008880 and $0.009704, where it could reverse or consolidate.
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 own research before making any financial decisions.
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.
