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The Myro price pumped more than 31% over the past 24 hours to trade at $0.1838 as of 9:30 a.m. EST as investors enter into an aggressive accumulation phase for the meme coin.
The Myro Price Breaks Resistance And Consolidate
4-hour chart for MYRO/USDT (Source: TradingView)
The Myro price was able to overcome the resistance level at $0.16285 over the past 24 hours and continues to trade above this level. It has since entered into a sideways channel, which could soon be followed by an attempt at the $0.20450 barrier in the short term as well. A break above the $0.20450 threshold may then clear a way for the altcoin to continue rising in the following 48 hours.
However, a rejection from the $0.20450 resistance level in the coming 24 hours may invalidate this bullish thesis. In this alternative scenario, the Myro price may retest the recently-flipped $0.16285 mark. Falling below this level could then expose the crypto to the risk of correcting to as low as $0.11690. In an extremely bearish scenario, the Myro price may drop to as low as $0.07635 in the next few days.
The Myro Price May Correct Soon As Bearish Flags Emerge
Technical indicators on MYRO’s 4-hour chart suggest the Solana meme coin’s price may drop in the coming 48 hours. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators are flagging bearish.
The RSI line is attempting to cross below its Simple Moving Average (SMA) line. This is generally seen as a sign that buyers are losing their strength against sellers, with an intersection between the two lines signaling a major bearish shift in momentum.
MYRO is still in a positive cycle, which was evident by the MACD line being positioned above the MACD Signal line. However, the negative gradient of the MACD Histogram suggests that this bullish momentum has reached a peak and may be coming to an end.
While the Myro price stands the risk of correcting in the upcoming 48 hours, experts are saying that Scotty the AI may be the best altcoin to buy now.
A Meme Coin With A Twist
Scotty the AI is more than just another dog-themed meme coin, as it includes a sophisticated AI layer as well. Through its cutting-edge computer models, it is able to analyze vast amounts of code to uncover insights hidden deep within smart contracts’ source code.
💥Presale Update!💥
ScottyTheAi #1 #memecoin (w/Ai utility) of 2024$SCOTTY has raised $1.9M
Well on our way to closing out presale and heading for that $100M marketcap.
Congratulation to all the early #Scottydogs in presale 👏
Buy Now: https://t.co/zRmy4g8hfW#BITCOIN… pic.twitter.com/dhrt5lEeyz
— Scotty The Ai (@ScottyThe_Ai) March 4, 2024
Scotty the AI is also able to flag any potential security threats before crypto investors execute transactions to prevent any potential loss of funds – giving investors some much-needed peace of mind. Token holders can already utilize some of the project’s AI offerings, which includes its flagship AI-powered decentralized exchange (DEX), Scotty Swap.
The platform inspects smart contracts linked to token swaps it facilitates to flag any suspicious code. It then warns the investor transacting with the smart contract of the malicious code before scammers can drain them of their hard-earned funds.
Another AI tool that investors can take advantage of is Scotty Chat, an innovative AI-powered chatbot that serves as a guide to the rapidly-expanding Web3 space. Crypto investors are able to ask the chatbot questions and receive assistance in navigating the digital asset realm.
Investors Scramble To Get A Hold Of Scotty The AI
Scotty the AI’s presale is fast-approaching the $2 million mark as investors rush to get in on the early stages of the AI-powered meme coin. Selling for just $0.00705, the project’s native token, SCOTTY, can be purchased using either ETH, USDT or bank card. BNB and MATIC are also available options.
Investors may want to use ETH, USDT or bank card, however, as purchases made with these are eligible for the whopping 78% annual rewards up for grabs with the project’s staking program.
SCOTTY can be purchased here.
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