Myro (MYRO) Price Prediction 2024-2030: Will Myro Price Hit $1 Soon?

• Bullish Myro (MYRO) price prediction ranges from $0.4 to $0.8.
• Analysis suggests that the Myro price might reach above $0.65.
• The Myro bearish market price prediction for 2024 is $0.05.

What is Myro (MYRO)?

Myro is the name of the dog owned by Raj Gokal, who is one of the founders of Solana. The Myro project pays homage to his dog while catering to the demand for dog-based narratives in the realm of crypto.  

Myro represents more than just a memecoin. Myro’s vision extends beyond being a meme coin; it aims to serve as a gateway to attract more consumers, institutions, and alternative chain enthusiasts into the Solana ecosystem, thereby boosting on-chain activity and growth.

Despite being a memecoin, $MYRO strikes a perfect balance between fun and its utility, through the construction of useful products, tools, and services for the Solana ecosystem investor. These utilities provide opportunities for $MYRO to produce passive revenue streams, this is where MYRONOMICS comes into play.

After finding a significant black hole in the Solana ecosystem, particularly in the widely used social app Telegram, “MYRONOMICS” was created to address this issue. In particular, although many multi-chain whales, institutions, and consumers rely on Telegram for building communities and trading cryptocurrencies, Myro figured out that there was a lack of exposure to features such as the famous “BuyBot”. Myro bridged that gap with an easily accessible “Trending” sector — MYRONOMICS with the “MyroBot”.

Myro (MYRO) Current Market Status

The maximum supply of Myro (MYRO) is 1,000,000,000 MYRO, while its circulating supply is 944,203,815 MYRO, according to CoinMarketCap. At the time of writing, Myro is trading at $0.3509 representing a 24-hour increase of 46.18%. The trading volume of Myro in the past 24 hours is $576,483,592 which represents a 234.77% increase. Some top cryptocurrency exchanges for trading Myro are Binance, Bybit, BingX, Bitget, and BiKing.

Now that you know Myro and its current market status, we shall discuss the price analysis of  Myro (MYRO) for 2024.

Myro (MYRO) Price Analysis 2024

Will the Myro blockchain’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the payment and crypto industry affect Myro’s sentiment over time? Read more to find out about MYRO’s 2024 price analysis.

Myro (MYRO) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time). Think of Bollinger bands like a curb at both sides of the road and the price of the crypto as a vehicle traveling in the road.

When the vehicle hits the curb, the driver steers in the opposite toward the center of the road. Likewise, the prices also move towards the center as they hit the upper or lower band. 

The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average. When the bands widen, it shows there’s going to be more volatility and when they contract, there is less volatility.

Moreover, the Empirical law also known as the three-sigma rule or the 68-95-99.7 rule states that almost all observed data for a normal distribution will fall within three standard deviations. 

As such, for the normal distribution data set, 68% of data will fall within 1 standard deviation from the mean. 95% of data for the normal distribution will fall within 2 standard deviations from the mean while 99.7% of data will fall within 3 standard deviations from the mean.

Currently, the bands are widening and it heightens the volatility in the market. Hence, the price of MYRO could fall or rise by a large margin. Since MYRO has been testing the upper band lately and has crossed above the upper band, it is overbought. Hence, there is a high chance that the prices could retrace and fall close to the SMA before rising again. 

Moreover, the Bollinger band trend indicator has turned green, showing that Myro is gaining value. This trend may continue for longer although there could be small retracements here and there. 

Meanwhile, the Bollinger bandwidth percentile which represents the width of the band in a percentage reads a value of 98%. This shows that the bands have widened to almost their maximum length, hence, in the future the bands could contract and the market could consolidate. 

Myro (MYRO) Price Analysis – Relative Strength Index 

The Relative Strength Index is an indicator that is used to find out whether the price of a security is overvalued or undervalued. As per its name, RSI indicators help determine how the security is doing at present, relative to its previous price, within a selected time frame. 

Moreover, it has a signal line which is a Simple Moving Average (SMA) that acts as a yardstick or reference to the RSI line. Hence, whenever the RSI line is above the SMA it is considered bullish and if it’s below the SMA then it is bearish. 

To gauge the strength of a cryptocurrency, the RSI compares the gains of the securities against the losses it made in the past. This ratio of gains and losses is then deducted from the 100. 

The RSI reads a value of 67 and the line seems to be heading in the upward direction toward the overbought zone. If the RSI follows the trend and makes another higher low, then, there is a high chance that MYRO could be overbought. Thereafter to compensate for overvaluing the token, MYRO might go through a phase of retracement.

The RSI bands used in the chart show that MYRO is currently, testing the upper band. This shows that MYRO is overbought, hence, a pullback could be oncoming for Myro. Once the retracement happens, MYRO could reach out for support from the middle band, given that the existing trend continues. Meanwhile, the white dotted lines in the chart show a divergence. In particular, it is a hidden bullish divergence– the RSI was making lower highs while MYRO was making higher highs.

Myro (MYRO) Price Analysis – Moving Average Convergence and Divergence (MACD) 

The Moving Average Convergence and Divergence indicators use two exponential moving averages (EMA) to find how the cryptocurrency is doing. Usually, the longer EMA is the 26-day EMA, and the shorter is the 12-day EMA. The MACD is found by reducing the 12-day EMA from the 26-day EMA. If the MACD is positive, that means the crypto is performing well, but if it’s negative, then it is losing value.

The MACD reads a value of 0.036 and it is heading further into the positive region. Hence, MYRO is performing quite well. Traders usually use the MACD and the signal line in unison to take long and short positions. For instance, given the present scenario, there might be many traders who want to take a short position. They could wait for the MACD line to cross the signal line below. 

Moreover, the same technique could be used when the MACD is deep in the negative zone. Those looking to set a long position may need to wait for the MACD to cross above the signal line.  

Myro (MYRO) Price Prediction 2024

MYRO is experiencing a parabolic rise as shown in the above chart. It rose from as low as $0.06 to $0.34 in a matter of a few days. The main reason for the uptick could have been the fact that MYRO was listed on Binance. Binance Futures noted that MYRO will be featured on its platform. However, now the question is whether the hype of listing on Binance is over.

The ascending broadening wedge is the result of bulls trying to make higher highs and bears trying to make lower lows. More importantly, once the pattern is completed, there are equal chances of MYRO breaking out in the upward and downward direction. However, one should take care to spot retracement and not consider it as a downtrend.   

Let’s assume that MYRO breaks out from where it is and moves upwards. In the scenario, as per the conventional breakout from an ascending broadening wedge, we could expect it to reach $0.65 as shown in the chart below.

Meanwhile, if MYRO retraces and the bears take over the market, with the retracement, then then, MYRO could crash to as low as Support 3 which is at around $0.05. Since the probability of both these scenarios is equal traders may need to take proper precautions before taking a position.

Myro (MYRO) Price Prediction 2025

MYRO may experience the after-effects of the Bitcoin halving and is expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, MYRO will continue to rise in 2025, forming new resistance levels. It is expected that MYRO will trade beyond the $1.5 level.

Myro (MYRO) Price Prediction 2026

It is expected that after a long period of bull run, the bears will come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, MYRO could tumble into its support regions. During this period of price correction, MYRO could lose momentum and be way below its 2025 price. As such, it could be trading at $0.85 by 2026. 

Myro (MYRO) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. As such, we could expect MYRO to trade at around $1.35 by the end of 2027.

Myro (MYRO) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, MYRO may reciprocate its past behavior during the BTC halving. Hence, MYRO would be trading at $1.95 after experiencing a considerable surge by the end of 2028. 

Myro (MYRO) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment, MYRO could be trading at $3.75 by the end of 2029.

Myro (MYRO) Price Prediction 2030

After witnessing a bullish run in the market, MYRO and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, MYRO could be trading at $2.5. 

Myro (MYRO) Price Prediction 2040

According to the BTC halving calendar, 2040 will be another year where the BTC miner’s reward will be slashed in half. If the 21 million BTC aren’t mined by then,  the rate of flow of new coins into circulation would reduce. This reduction will increase the demand for BTC and this will have a ripple effect on other coins in the market. Hence, MYRO could be trading at around $5.

Myro (MYRO) Price Prediction 2050

2050 will be 2 years after BTC halving in 2048. During this time, the market could be going through consolidation and MYRO could be trading at around $4.35. 

Conclusion

If investors continue showing their interest in Myro and add these Coins to their portfolio, it could continue to rise. Myro’s bullish price prediction shows that it could reach the $0.65 level.

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