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The Myro price surged 25% in the last 24 hours to trade at $0.38924 as of 03:47 a.m. EST on trading volume that surged 117% to $582 million.
This comes as investors accumulate the meme coin ahead of a Binance Exchange listing for the token’s USDT-M perpetual contract. A report by Binance revealed the plan to list MYRO against the Tether (USDT) stablecoin for its perpetual contract with 50X leverage.
#Binance Futures will launch the $MYRO USDⓈ-M Perpetual Contract and 1000PEPE USDC-M Perpetual Contract at
🗓Mar 5 2024, 08:30 (UTC) and Mar 7 2024, 08:30 (UTC) respectively.
Read more➡️ https://t.co/8F4cihh3ds pic.twitter.com/ZZLqXTOCvs
— Binance Futures (@BinanceFutures) March 5, 2024
Myro Price Bulls Remain Resilient As They Sustain The Bullish Momentum
The Myro price achieved a peak of $0.43, displaying resilience as the bulls pushed the price up from a supply zone ranging between $0.190 and $0.2347. This fluctuation within the specified range enabled MYRO to establish a double-bottom pattern.
MYRO is also well above both the 50-day and 200-day Simple Moving Averages (SMAs), which is a confirmation of the sustained bullish momentum.
Additionally, the Relative Strength Index (RSI) is trading upwards towards the overbought region, currently at 68. If the RSI crosses over to the overbought region at 70, it could indicate rising optimism among investors.
Furthermore, the Moving Average Convergence Divergence (MACD) shows some general bullish prospects, as the moving average line (blue) crosses above the signal line (orange), which represents a bullish crossover. Investors often use a bullish crossover as a signal to buy more.
The green bars on the histogram extend above the zero line, indicating positive momentum for the MYRO price. Additionally, the Average Directional Index (ADX) is currently at 34, showing a very strong bullish trend.
Myro Price Prediction
The Myro price analysis shows bullish momentum, with the MACD, ADX, and RSI indicators providing investors with an optimistic outlook on the price.
Enhanced buying pressure evident with the RSI and MACD indicators could see MYRO soar above the resistance at $0.43 to $0.51, supported by the double bottom pattern.
In an inverse scenario, if the bears take control of the price, it could send the MYRO price to the $0.17 support, coinciding with the 50-day SMA.
Meanwhile, as the MYRO bulls hope for good news from the upcoming listing, other investors are buying competitor Smog, which has skyrocketed 49% in the past 24 hours to a new all-time high and also plans the mother of all airdrops.
Smog Hits New ATH – Best Meme Coin To Buy Now?
Smog continues to generate a buzz in the crypto space with its aims to surpass other Solana-based meme coins like BONK, MYRO, and WIF. Its slogan, “One meme coin to rule them all,” reflects massively on its ambition.
One #Memecoin to rule them all! 🚀
Get ready for the greatest #Airdrop in history, distributed on #Solana. 💰
Join #SMOG on Zealy! 🔥
Link in Bio 🔗 pic.twitter.com/vsn4p5cSF4
— SMOG (@SMOGToken) February 8, 2024
The team plans an airdrop it says will be “the greatest in history,” and its set aside 35% of the 1.4 billion token supply for this purpose.
Smog continues to rally, having recorded a 49% increase in the last 24 hours to hit a new all-time high of $0.19, as per Dextools.com.
Moreover, the token has recorded over 40,000 holders, and now has a market capitalization of about $130 million, making it the 17th-largest meme coin. With arrangements set for additional major exchange listings, with rumors that Binance may be one of them, now is the ideal moment to join in.
Earn More Points On Zealy, Stake For 42% Annual Rewards
There are two main ways for you to qualify for the biggest giveaway. The simplest method is by simply buying and holding $SMOG. You can also qualify for more airdrop tokens by joining Smog’s socials and participating in daily tasks managed by Zealy. Airdrop members on the platform have already completed over 800,000 quests.
Smog is also airdropping $1,500 worth of $SMOG to BONK, WIF, MYRO and SAMO holders every day.
You can also earn passively on the platform by staking your $SMOG tokens for a 42% annual percentage yield (APY).
Jacob Bury, a crypto YouTuber, says that Smog could still pump an additional 100X.
You can buy the SMOG token on the official website to qualify for the historic airdrop. There’s also a 10% discount when you buy and stake $Smog.
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