Bittime - MYRO, nicknamed "Shiba Inu Solana", experienced a price drop of around 25% in one day, reaching a price of IDR 5,189 as of the time this article was written.
This decline coincided with a significant increase in trading volume (up 117% to $582 million) and expectations of a USDT-M perpetual contract listing on Binance with 50x leverage.
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MYRO Investors Remain Optimistic
The MYRO price chart shows an upward trend, successfully passing the resistance zone between Rp. 2973.75 and Rp. 3599.80.
These fluctuations formed a bullish "double bottom" pattern, further increasing investor confidence.
Also read: BTC whales manipulate the market, MYRO actually continues to rise
Technical indicators also paint a positive picture. The Relative Strength Index (RSI) is likely approaching the overbought zone (currently at 58).
A potential rise above 70 could indicate increasing investor optimism.
Also Read How To Buy Crypto:
MYRO Price Prediction: Continuous Rise or Correction?
Technical analysis by insidebitcoins.com shows MYRO's upward momentum is likely to continue. The RSI, MACD, and ADX indicators all point to a potential price increase.
Breaking through the resistance level of Rp. 6730.06 and reached Rp. 7982.16 looks realistic, supported by a double bottom pattern.
However, a bearish scenario could make MYRO fall back to the support level of IDR. 2660.72
Smog Stealing the Attention?
While MYRO investors waited for a listing on Binance, other investors turned to Smog, a competitor that surged 49% in the last 24 hours, hitting a new all-time high.
Smog aims to topple other Solana-based meme coins such as BONK, MYRO, and WIF, with the ambitious slogan: "One meme coin to rule them all."
Smog promises “the biggest airdrop in history”, allocating 35% of their total token supply for this purpose. This ambitious move has undoubtedly contributed to Smog's recent rise.
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Conclusion: MYRO or Smog?
MYRO shows promising signs based on technical analysis. However, Smog's presence, with its aggressive marketing and airdrop strategy, presents significant challenges. Investors should consider both options carefully and conduct their own research before making any decisions.
How to Buy Myro (MYRO) on Bittime
You can buy and sell Myro (MYRO) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Myro (MYRO) is available on Bittime with the market pair MYRO/IDR . To be able to buy MYRO IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Myro (MYRO) on Bittime .
Monitor the price chart movements of Myro (MYRO), Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Read Also
Solana (SOL) Future & Solana ETF Predictions
What is a Solana Virtual Machine (SVM)? Understanding the Core Technology Behind Solana
Get to know what Solana is, an Ethereum competitor
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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