Crypto analyst CobraVanguard has offered a bullish outlook for the Solana meme coin MYRO. The analyst has said that the meme coin is primed for an explosive 300% worth breakout and revealed how this might occur.
Solana Meme Coin MYRO Is Primed For A 300% Breakout
In a TradingView publish, crypto analyst CobraVanguard predicted that the Solana meme coin MYRO is primed for a 300% worth breakout. This got here because the analyst revealed that the worth has shaped a bullish wedge on the day by day timeframe. He added that if it breaks out, it may drive the worth as much as round $0.15.
In an replace, the analyst said that the commerce setup was already in play. Nonetheless, he urged market individuals to attend and watch out, seeing how unstable the crypto market is in the intervening time. CobraVanguard added that the explanation for the crash was the Trump coin, which drained liquidity from all different Solana meme cash.
Irrespective, this current evaluation undoubtedly gives some optimism concerning the MYRO worth. The Solana meme coin has been on an enormous decline since hitting its present all-time excessive (ATH) of $0.44 in March final 12 months. For context, the meme coin is 90% under its present ATH.
This worth decline for MYRO has been partly as a result of the truth that the newer meme cash within the Solana ecosystem have drained liquidity from older cash prefer it. Cobra Vanguard’s evaluation means that the meme coin is certain to rise from the ashes and even rally to $0.15, which may very well be step one to reaching a brand new ATH.
MYRO Might Witness A 600% Worth Surge
Crypto analyst Javon Marks offered a extra bullish outlook for the Solana meme coin MYRO, predicting that it may witness a worth surge of over 600%. This got here because the analyst remarked that the meme coin’s worth on the day by day Non-Log chart is presently holding, damaged out of a sizeable falling wedge sample.
In step with this, the analyst remarked that the meme coin’s worth may very well be ready to ship important outcomes towards the breakout goal at $0.417776. He added that with this goal of over 630% away, MYRO may report a worth enhance of over 7x from its present stage.
Crypto analyst Yzzz additionally offered a bullish outlook for the Solana meme coin, stating that the “enjoyable begins quickly,” indicating {that a} bullish reversal may very well be on the horizon. The analyst famous that the meme coin is listed on Bybit, with the crypto change holding 20% of provide. He recommended that the change would, sooner or later, contribute to an enormous worth surge for the meme coin.
On the time of writing, the MYRO worth is buying and selling at round $0.039, down over 10% within the final 24 hours, in accordance with information from CoinMarketCap.
Featured picture from Unsplash, chart from Tradingview.com