Crypto analyst CobraVanguard has provided a bullish outlook for the Solana meme coin MYRO. The analyst has stated that the meme coin is primed for an explosive 300% price breakout and revealed how this might occur.
Solana Meme Coin MYRO Is Primed For A 300% Breakout
In a TradingView post, crypto analyst CobraVanguard predicted that the Solana meme coin MYRO is primed for a 300% price breakout. This got here because the analyst revealed that the worth has formed a bullish wedge on the each day time-frame. He added that if it breaks out, it could drive the worth as much as around $0.15.
In an update, the analyst stated that the trade setup was already in play. Nonetheless, he urged market participants to attend and watch out, seeing how volatile the crypto market is in the mean time. CobraVanguard added that the rationale for the crash was the Trump coin, which drained liquidity from all other Solana meme coins.
Irrespective, this recent evaluation undoubtedly provides some optimism regarding the MYRO price. The Solana meme coin has been on a large decline since hitting its current all-time high (ATH) of $0.44 in March last 12 months. For context, the meme coin is 90% below its current ATH.
This price decline for MYRO has been partly resulting from the incontrovertible fact that the newer meme coins within the Solana ecosystem have drained liquidity from older coins prefer it. Cobra Vanguard’s evaluation suggests that the meme coin is certain to rise from the ashes and even rally to $0.15, which could possibly be step one to reaching a latest ATH.
MYRO Could Witness A 600% Price Surge
Crypto analyst Javon Marks provided a more bullish outlook for the Solana meme coin MYRO, predicting that it could witness a price surge of over 600%. This got here because the analyst remarked that the meme coin’s price on the each day Non-Log chart is currently holding, broken out of a sizeable falling wedge pattern.
According to this, the analyst remarked that the meme coin’s price could possibly be prepared to deliver significant results toward the breakout goal at $0.417776. He added that with this goal of over 630% away, MYRO could record a price increase of over 7x from its current level.
Crypto analyst Yzzz also provided a bullish outlook for the Solana meme coin, stating that the “fun starts soon,” indicating that a bullish reversal could possibly be on the horizon. The analyst noted that the meme coin is listed on Bybit, with the crypto exchange holding 20% of supply. He suggested that the exchange would, sooner or later, contribute to a large price surge for the meme coin.
On the time of writing, the MYRO price is trading at around $0.039, down over 10% within the last 24 hours, in accordance with data from CoinMarketCap.
Featured image from Unsplash, chart from Tradingview.com