Myro Price Forecast: MYRO Soars 54% And Has Skyrocketed 192% In A Week As This New Meme Coin Presale Surges Past $6 Million

ByLockridge Okoth

Updated: 05 January 2024

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Myro price is up 54% to trade for $0.06284 as of 8:50 a.m. EST time amid rising investor interest evidenced by the 101% surge in trading volume.

It comes amid so-called Solana season, with the projects built atop the SOL blockchain gaining traction as Solana gains favor over Ethereum.

Solana crypto recently achieved a significant milestone by overtaking Ethereum in Google search interest for the first time. According to Google Trends data from December 17–23, global Solana searches eclipsed those for Ethereum, with a peak score of 56 versus 50.

— Trading Copter (@TradingCopter) December 30, 2023

The surge in Myro price also comes amid a bout of meme coin fever, which although dissipating for the large market cap tokens such as Dogecoin (DOGE) and Shiba Inu (SHIB), continues to abound for low market cap projects such as MYRO. Its market capitalization stands at $63.6 million.

Myro Price Outlook

Measured from a market range between $0.01052 and $0.06499, Myro price shattered past the 78.6% Fibonacci level at $0.0533. Judging from the Relative Strength Index (RSI), MYRO token is already overbought, with the RSI at 78. This often precipitates a correction.

The fact that it has escaped past the confines of the Bollinger indicator, shattering past its upper band at $0.0508 also adds credence to the possibility of a pullback.

Nevertheless, with the histogram bars of the Awesome Oscillator flashing green in the positive territory, the bulls maintain a presence in the MYRO market and Myro price could extend north.

Traders who have running open long positions for Myro price should probably leave them open because with the bulls still having a presence in the MYRO market, and the fact that the RSI remains northbound, the upside potential remains very much alive.

Similarly, the Average Directional Index (ADX) indicator is still rising, which means the uptrend is still getting stronger. A god candle could very well manifest from here.

However, traders looking to buy the rally by opening new long positions should exercise caution as the overbought state enhances the risk of a sudden pullback.

Converse Case

If profit takers pull the trigger, however, Myro price could retract, falling into the fold of the Bollinger bands. Further south, The meme coin could lose the most critical support, which is offered by the 61.8% Fibonacci level at $0.04418.

For the bullish thesis to be invalidated, however, the load-shedding exercise must go as low as the 38.2% Fibonacci level at $0.0313 where Myro price had been rejected several times before.

A break and close below the aforementioned level could see Myro price descend further to test the centerline of the Bollinger indicator at $0.0264. A break and close below this level would set the tone for an extended fall.

Meanwhile, while MYRO continues to trend, consider MK, a new player in the meme coin sector that analysts are saying could 100X at launch.

It stands among the best meme coins to invest for potential exponential gains, say some analysts

Promising Alternative To MYRO

MK, set to contend against Meme coin sector giants like Pepe coin (PEPE) and Shiba Inu (SHIB), is the powering token for the Meme Kombat ecosystem. This is an innovative new gaming platform designed for gaming enthusiasts.

The project is in the presale stage, boasting more than $6 million in funds raise, and with eyes on its $6.5 million target. Investors looking to buy MK can do so on the website, where each Meme Kombat token is selling for only $0.279.

6 MILLION RAISED💰

This is a momentous occasion for the whole $MK community🌟

LFG! pic.twitter.com/vRqsbRAXkJ

— Meme Kombat (@Meme_Kombat) January 4, 2024

MK token holders do not have to wait for the token to list on exchanges. Simply stake your tokens for Annual Percentage Yields (APY) as high as 155%.

Meanwhile, YouTube crypto analysts continue to call your attention to the ripening opportunity that is Meme Kombat. Do not ignore!

According to ClayBro, who boasts over 116k subscribers to his channel, this project has potential to be the “biggest meme coin gaming token of 2024”. Others have even listed MK among the best 5 coins to watch in 2024.

Visit Meme Kombat website to buy MK in the presale here.