Cryptocurrency analyst CobraAvantgarde provided a bullish outlook for Solana MYRO meme coin. The analyst stated that the meme coin is poised for an explosive price break of 300% and revealed how this could happen.
Solana Meme Coin MYRO is prepared for a 300% breakout
In TradeView entrycryptocurrency analyst CobraVanguard has predicted that Solana MYRO meme coin is poised for a 300% price surge. This occurred when the analyst revealed that the price had formed bullish wedge in the daily time slot. If it explodes, it could push the price up to about $0.15, he added.
In the update, the analyst stated that the trade setup was already underway. However, he urged market participants to wait and exercise caution given how volatile the cryptocurrency market is currently. CobraVanguard added that the cause of the crash was Trump coinwhich rendered all other Solana meme coins illiquid.
Regardless, this recent analysis is undoubtedly bullish on the price of MYRO. The Solana The meme coin’s price has seen a massive decline since reaching its current all-time high (ATH) of $0.44 in March last year. For context, the meme coin price is 90% below its current ATH.
This decline in MYRO prices is partly due to the fact that newer meme coins in the Solana ecosystem have exhausted the liquidity of older coins such as this one. Cobra Vanguard analysis suggests that the meme coin will certainly rise from the ashes and even rise to $0.15, which could be the first step towards achieving a fresh ATH.
MYRO could witness a 600% price enhance.
Cryptocurrency analyst Javon Marks presented a more bullish outlook for the Solana MYRO meme coin, predicting that it could witness a price surge of over 600%. This came after the analyst noticed that the meme coin’s price on the Non-Log daily chart is currently holding, broken out of a significant descending wedge pattern.
As such, the analyst noted that the meme coin price could be primed to deliver significant performance towards the target breakout value of $0.417776. He added that if the target of over 630% is achieved, MYRO could see prices enhance more than 7 times from current levels.
Crypto analyst Yzzz also offered a bullish outlook for meme coin Solana, stating that “the fun will start soon,” indicating that a bullish reversal may be on the horizon. The analyst noted that the meme coin is listed on Bybit with the ticker cryptocurrency exchange has 20% of the supply. He suggested that the exchange would at some point contribute to a huge enhance in the price of the meme coin.
At the time of writing, MYRO is trading at around $0.039, down over 10% in the last 24 hours, according to data from CoinMarketCap.
Featured image from Unsplash, chart from Tradingview.com
