Myro Price Prediction as MYRO Starts Trending on Social Media – What Does it Do?
MYRO, the cryptocurrency in question, has witnessed a modest uptick in its valuation. The price of MYRO is currently $0.240028, with trading activity over the last 24 hours reaching $78.63 million. The currency has appreciated by 1.65% within this period.
Standing at the #230 rank in CoinMarketCap’s listings, MYRO boasts a market capitalization of approximately $226.64 million. It circulates 944.20 million coins against its capped supply of 1 billion MYRO coins.
In the technical realm, MYRO has established its pivot point at $0.2223. Traders have identified immediate resistance at $0.2597, with subsequent hurdles at $0.2784 and $0.2990. Conversely, the support framework is presently solidified at $0.1995, with further potential supports at $0.1808 and $0.1616.
The Relative Strength Index (RSI) stands at 58, indicating neither an overbought nor an oversold state, which provides room for potential price action in either direction. The 50-Day Exponential Moving Average (EMA) is noted at $0.2284, closely aligning with the pivot point, which may act as a dynamic support in the short term.
MYRO’s trading pattern has been noteworthy, currently positioned above the 23.6% Fibonacci retracement level near the $0.2225 mark. This level is crucial as it aligns with the pivot point, adding credence to its role as a key support in the chartist’s eye.
In conclusion, the overall trend for MYRO is bullish, provided it sustains above the $0.2225 benchmark. The short-term forecast suggests an optimistic trajectory, with the potential to test further resistance levels if the current support remains robust.
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