Analysis on myro coin 18th Ctober 2024

in blurt-176888 •  last month 

MYRO/USDT has been showing promising signs of growth based on recent market activity. In the first image, the 1-day chart reflects a steady recovery from its previous lows, with MYRO climbing to a current price of 0.11434 USDT, up by 6.64%. This upward momentum suggests a bullish outlook, especially considering its peak earlier in March, where it reached highs above 0.4000 USDT. The steady price action in October hints at potential consolidation before another move higher.

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In the second image, we can see the 8-hour chart, which highlights MYRO’s recent spike towards the 0.1400 USDT level before pulling back. The price is holding steady around 0.11495 USDT, reflecting resilience in the market. The formation of higher lows in the 8-hour timeframe could indicate the beginning of a new uptrend, especially if volume continues to support the move.

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Lastly, in the 15-minute chart from the third image, MYRO is trading at 0.11536 USDT, showing short-term price strength. This timeframe reveals a pattern of consolidation with gradual upward movement, which could suggest accumulation by buyers.

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Overall, MYRO is showing both short-term and long-term potential, with the market possibly gearing up for another bullish rally if key resistance levels are broken.

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