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The Myro price has pumped 34% in the last 24 hours to trade at $0.115 as of 5:30 a.m. EST, with trading volume rising 8% to $19 million.
The Myro Price Breaks Above The Consolidation Phase
The Myro (MYRO) price has consolidated since December 2023, characterized by a struggle between bulls and bears to establish dominance.
However, the emergence of a double bottom pattern, a chart pattern formed when the price attempts to decrease but fails, has led to a reversal and breakout above the consolidation range.
This breakout has surpassed a critical resistance level at $0.052, showcasing the bulls’ resilience. A subsequent retest of this level, which held firm, provided an optimal entry point for bullish investors to propel the price further upward.
The price is trading above the 50-day Simple Moving Average (SMA), indicative of short-to-medium-term positive momentum.
To affirm a sustained bullish trend, attention must shift to overcoming the challenge posed by the 200-day SMA. This would solidify the long-term bullish sentiment.
The Myro Price Prediction
The Relative Strength Index (RSI), a momentum oscillator, reveals a gradual uptrend above the midline level of 50, entering the overbought region at 77. This surge in RSI signifies intense buying pressure, aligning with the breakout rally from the double-bottom pattern.
The bullish momentum, fueled by the breakout, suggests a potential ascent towards the $0.3 mark by the end of January. However, monitoring the RSI for any signs of a potential reversal is crucial. In the event that bears intervene, there is a risk of a sell-off towards the protective support zone at $0.092.
Meanwhile, investors looking for alternative coins with growth potential similar to Myro may find SpongeV2 the best choice for capitalizing on the next Bitcoin bull run. Sponge V1 did 100X last year on launch and V2 aims to repeat the feat.
SpongeV2 Targets 100X, Justin Sun Buys $90,000 Worth Of Sponge
Sponge V2 is following in the footsteps of the successful Sponge V1, presenting the opportunity to buy and stake $SPONGE through the provided widget, enabling you to receive a bonus in V2 tokens.
Sponge aims to achieve a 100X return on investment, replicating the success of Sponge V1, which at one point witnessed a 2,900% surge, attained a market capitalization of $100 million with more than 13,000 holders on the platform.
🚀 Missed Sponge V1's 100x Success?
With an even larger campaign for #SpongeV2, we’re coming back stronger than ever! 💪
Hurry and stake your $SPONGE tokens today! 🔥$SPONGE #Crypto #CryptoStaking pic.twitter.com/QIo0RMz4LT
— $SPONGE (@spongeoneth) January 6, 2024
Furthermore, the token secured listings on over ten centralized exchanges, including LBank, Toobit, CoinW, BTCEX, and BitMart.
When it was learned that Tron founder Justin Sun owns about $90,000 worth of $SPONGE, sentiment towards Sponge V2 was further boosted.
Sun had earlier expressed his plan to trade meme coins and promising projects in May 2023.
I've decided to begin actively trading meme coins and promising projects through my public address. Please note, I will personally bear all potential losses from these trades, and any profits made will be donated entirely to charity.
— H.E. Justin Sun 孙宇晨 (@justinsuntron) May 11, 2023
Buy Sponge Fast, Stake To Earn Passive Income
The platform offers a staking option for you to stake your acquired V1 token and access the new SPONGE V2 token.
Once your tokens are staked, they will undergo automatic bridging, of which over 4.7 million tokens have been deposited and staked in the bridging contract.
📢 Daily Staking Update!
Today, a staggering 4,705,172,778 $SPONGE tokens are staked, with a total value of $3,944,150.86! 🤯
Plus, our holders are enjoying an impressive 343% APY.
Don't miss out on these remarkable rewards! 🧽🧽🧽#AltSeason #SpongeV2 #Crypto pic.twitter.com/b4i7vD0uTY
— $SPONGE (@spongeoneth) January 12, 2024
You can join the play-to-earn (P2E) free and premium versions, which are to be launched soon. The premium version allows you to use $SPONGEV2 tokens to buy extra game credits, increasing your opportunities to earn an additional $SPONGE.
Jacob Bury, a crypto YouTuber with over 26k subscribers, explains in his recent video how you can acquire and benefit from its new staking features. He also predicts huge returns for SpongeV2 investors, and revealed that he has bought $1,500 worth of the token.
To buy SpongeV2 and participate in the staking process, visit the official Sponge V2 website. Then link your Web3 wallet to swap your ETH or USDT for V2 tokens. You can also buy directly using your bank card.
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