Is MYRO Crypto About to Turn Positive?

Myro crypto price has been losing for the last several sessions. The crypto has currently reached near its monthly low value trimming off all the gains in the earlier two weeks of January 2024. The short term trend is under the bearish grip due to which more lower levels may be tested in the coming sessions.

Earlier, the crypto gained traction from the very start of January and surged higher. The bulls played aggressive bets on the crypto which the MYRO crypto price skyrocketed in a couple of weeks. The crypto posted a massive 500% gain in the earlier two weeks of January.

However, the later weeks were disappointing as the price dropped, losing most of the gains till mid-January. The crypto has reached the previous breakout zone from where it might receive some buying volume. 

At the time of writing, the Myro cryptocurrency was at $0.056 with an intraday loss of 12.31%. Also, it has a market capitalization of nearly $52.41 Million after the intraday loss. The volume to market cap ratio is 41.20% suggesting very high volatility in the crypto.

Myro Price Trend Analysis

The Analysis of the MYRO/USD crypto chart shows that it has been in a positive trend for the last two months and has gained significantly in the period. The crypto attained its all time low in November 2023 at $0.00199. The all time high value that the Myro crypto registered was three weeks ago at $0.066. 

Currently, the crypto is nearing its previous breakout zone from where it may receive buyers’ back and try to halt further fall. However, if the buyers fail to hold the price near the recent support then the price may drop to the lower level. 

For the crypto to reverse its course and turn positive, more buying volumes are required at the lower levels to sustain at the CMP and surge to the higher levels. 

At the time of writing, the RSI was at 39.89 points and the SMA line was at 43.62 points. Both the lines were hovering below the mean line suggesting a bearish outlook.

Myro Price Prediction February 2024

The Myro crypto has some more room on the downside till the previous breakout zone. The bearish outlook of the analysts sees a downside potential of 29%, which could take the MYRO price to a low of $0.038. The positive view of the analysts hopes for a pullback after which the crypto could reach $0.081. 

Myro Price Prediction 2024

The price forecast for the year 2024 highlights that the MYRO token price could reach a high of $0.127, suggesting a potential gain of over 136.1%. Moreover, the bearish outlook of the analysts hopes the price could reach $0.093 by the year-end.

Myro Price Prediction 2025

By the year 2025, the MYRO price may attain $0.168 as the highest price. On the flip side, the minimum price up to which the crypto price may rise by the year 2025 is $0.113.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. 

Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages ​​and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.