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The Myro price has soared 15% in the last 24 hours to trade at $0.147 as of 07:50 p.m. EST, with trading volume plunging 73% to $32 million.
Myro Price Faces Resistance At $0.18 Supply Zone
Despite a prolonged struggle, the robust support zone and a double-bottom pattern empowered the bulls, enabling the price to soar beyond expectations. The double-bottom pattern serves as a signal for traders to shift their buying trend.
Despite its resilience in driving the price up, the Myro price is lingering below the $0.18 supply zone. The upper boundary of the accumulation stage initially provided an excellent entry opportunity for bullish investors, propelling the price higher and reaching the $0.18 supply zone. However, at this point, the bulls encountered resistance, leading to a downturn in the price.
Myro Price Indicators Remain Bullish, Bulls Aim For $0.3 Mark
The current price indicators remain bullish, indicating positive short-to-medium-term momentum as the price trades above the 50-day Simple Moving Average (SMA). A sustained bullish trend could see the price overcome the 200-day SMA hurdle, strengthening the long-term bullish sentiment.
The Relative Strength Index (RSI) trades above the 70 overbought level at 73, indicating intense buying pressure.
Driven by the breakout from the double-bottom pattern, the bulls aim for a potential climb towards the $0.3 mark.
However, if the supply zone at $0.18 remains resilient, the bears may sustain the corrective phase, forcing the bulls to retreat to the protective support zone at $0.092.
As Myro traders wait for a signal to add more positions, analysts say Sponge V2 is among the best presale coins to buy now.
Buy And Stake Now, Sponge V2 Unveils New Opportunities For 100X Returns
Did you miss out on the remarkable 100X surge of SpongeV1? Sponge V2 offers another enticing opportunity for substantial returns on your investment. When you purchase and stake $SPONGE, you can also earn bonus V2 tokens.
Did you miss the last 100x? We’re giving you another chance! 🧽🧽
Buy or stake your $SPONGE tokens and earn #SpongeV2 in return. 💪
Don’t miss out! 🔥#StakeForFuture #SpongeV2 pic.twitter.com/5iItyCRjkM
— $SPONGE (@spongeoneth) January 16, 2024
SpongeV1 has surged more than 1,000% in the past year, recorded a market cap of $100 million last year, amassed more than 13,000 holders on the platform, and secured listings in over ten centralized exchanges, including LBank, Toobit, and BitMart.
Sponge V2 aims to make the investment experience even better, empowering investors to attain a 100X return on investment.
Tron founder Justin Sun has added Sponge to his portfolio with about $90,000 worth of $SPONGE following his announcement of plans to trade meme coins and promising projects in May 2023. That fueled buyer sentiment among Sponge investors.
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 V2 Tokens, Stake, Play-to-Earn And Get Rewards
The SpongeV2 platform offers a staking option where you can stake your acquired V1 token and access the new SPONGE V2 token, which will undergo automatic bridging. Over 5.1 billion tokens have already been deposited and staked in the bridging contract, giving a guaranteed annual yield of 314%.
You can also enjoy the free and premium play-to-earn (P2E) versions, which allow you to use $SPONGEV2 tokens to buy extra game credits, increasing your opportunities to earn more $SPONGE.
🎮🌟 Get set to explore the unique #PlayToEarn game in #SpongeV2!
Play, enjoy, and earn $SPONGE! 🧽
Visit our website to get involved before it's too late. 🤯⏰ #P2E #Bullish #MemeCoin #Web3 pic.twitter.com/bI8DLlgfA9
— $SPONGE (@spongeoneth) January 16, 2024
Jacob Bury, a crypto YouTuber with over 26K subscribers, explains how you can acquire and benefit from its new staking features. He also reveals that he has bought $1,500 worth of SpongeV2, predicting huge returns on launch.
To buy SpongeV2 tokens, visit the official Sponge V2 website and link your digital wallet to swap your ETH or USDT for V2 tokens. You can also buy directly using your bank card.
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