Myro Price Plunges 22% In A Week As Traders Pivot To This AI Meme Coin For Parabolic Gains
AI
2024
MYRO
SHIB
CIN
The Myro price has slumped 22% in the past 7 days while edging up 2% in the past 24 hours to trade for $0.2002 as of 01:10 a.m. EST.
Bulls are optimistic that the MYRO price will pump to $0.5 as it rebounds from being oversold.
$Myro will pump to $.50.
Never seen $Myro so oversold .
Look at the daily . pic.twitter.com/NVL13eUG2i— Crypto Analyst (@CryptoA40672341) June 12, 2024
Nevertheless, the Myro price rejected the $0.3000 psychological level and is currently recording lower highs.
$MYRO rejected at that important $0.30 level again.
Matter of time before it's back there and smashing through.
Bounce here and send back up please.@MyroSOL pic.twitter.com/pH4EtbFBQW
— CryptoAM17 (@CryptoAM17) June 11, 2024
Myro Price Prediction
The Myro price is trading with a bearish bias, recording a series of lower highs after a rejection from the $0.3000 psychological level. The Relative Strength Index (RSI) solidifies this bearish outlook as it continues to record lower highs.
Moreover, the Moving Average Convergence Divergence (MACD) remains suppressed below the orange band of the signal line. This points to the abounding bearish sentiment in the MYRO market.
Accordingly, the Myro price could extend the fall, flipping the 38.2% Fibonacci retracement level into a resistance level at $0.1958. In a dire case, the slump could extend to the 23.6% Fibonacci retracement level of $0.1366. A slip below this threshold would confirm the continuation of the downtrend by producing a lower low relative to the February lows.
GeckoTerminal: MYRO/USD 1-day chart
On the other hand, a big-picture perspective shows that the Myro price has consolidated in a falling wedge pattern since around mid-March. This technical formation is a bullish reversal pattern, hinting at a significant upward breakout. This technical chart pattern is confirmed when the price breaks above the upper trend line.
From the chart above, it can be seen that the falling wedge chart pattern was confirmed when the Myro price escaped from the formation on May 21, confirming a bullish breakout. The profit target of a falling wedge is measured by adding the maximum distance between the upper and lower trend lines to the breakout point.
If bulls recover the market, the Myro price could rally 478%. This would mean clearing the peak of the market range at $0.4466 to record a new all-time high.
As MYRO bulls push to reclaim the promise of the falling wedge pattern, investors continue to buy WienerAI (WAI), an AI meme coin that YouTuber Jon Trading says is the top AI crypto meme coin in 2024.
Promising Alternative To MYRO
WAI is the native cryptocurrency behind the WienerAI ecosystem. It is a hybrid token using its AI capabilities to emulate the success of other canine meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB).
The project combines animal memes, advanced AI tech, and a bit of processed meat humor. It has garnered a huge following, with its presale already soaring past $5.46 million in funds raised.
🚀🎉 $5M Milestone Achieved! 🎉🚀
WienerDogAI is just getting started!! 🌭🤖 pic.twitter.com/x7G1kFx729
— WienerAI (@WienerDogAI) June 8, 2024
The WienerAI project has integrated trading bot capabilities on its platform. This function delivers user-friendly AI-enhanced trading, seamless swap functionality, and zero fees.
More than just a bot–WienerAI is your ultimate crypto trading companion.
We're delighted to share some sneak peeks with our incredible and supportive community. (1/4) pic.twitter.com/kR8ypeJycj
— WienerAI (@WienerDogAI) June 11, 2024
WienerAI also boasts carefully designed tokenomics aimed at fostering long-term sustainability and growth. The team has set aside 20% of tokens for staking rewards, where users can stake $WAI for an impressive 205% annual percentage yield (APY).
How staking your $WAI feels.https://t.co/g0LrikQz90 pic.twitter.com/3VneRo9wTq
— WienerAI (@WienerDogAI) May 9, 2024
Each WAI token is currently selling for $0.000717, a price tag that will only be on the shelves for less than another nine hours. So act soon if you are interested before a price hike strikes. You can use ETH, USDT, or your bank card to make the purchase.
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