As per the price structure of MYRO assets on the daily chart, it has been observed that the price major trend happens to be an uptrend, as from the start of the year 2024, it's making higher highs and lows.
Recently, the price accomplished spectacular gains by reaching the $0.44 level from the $0.050 price support level. But, a higher price level was a strong supply level and bulls failed to jump and showed a short-term decline, as buyers formed support at the $0.20 price level.
The current support at $0.20 shows a tough consolidation happening in the price as a fierce battle is going on between bulls and bears on this level. Whoever prevails in this money battle will lead the next momentum on the daily chart of MYRO, whether it will be on the upside or the downside.
The current indicators show that the price is taking support at dynamic supports of 20, and 50-day EMA, RSI is at 50.64, and MACD is above the zero line at 0.0075. These metrics highlight buyers have started to gain minor traction on the daily chart.
Therefore, if the price manages to rise from the current support of $0.20, then the price might fly to retest supply level at $0.44, and in between buyers' horses need to surpass the hurdle of $0.32 in the process.
However, if the bears manage to prevail in the battle, the price might continue to hit the road for lower support, and the next support after breaking $0.20 will be $0.15.
Recently, the price accomplished spectacular gains by reaching the $0.44 level from the $0.050 price support level. But, a higher price level was a strong supply level and bulls failed to jump and showed a short-term decline, as buyers formed support at the $0.20 price level.
The current support at $0.20 shows a tough consolidation happening in the price as a fierce battle is going on between bulls and bears on this level. Whoever prevails in this money battle will lead the next momentum on the daily chart of MYRO, whether it will be on the upside or the downside.
The current indicators show that the price is taking support at dynamic supports of 20, and 50-day EMA, RSI is at 50.64, and MACD is above the zero line at 0.0075. These metrics highlight buyers have started to gain minor traction on the daily chart.
Therefore, if the price manages to rise from the current support of $0.20, then the price might fly to retest supply level at $0.44, and in between buyers' horses need to surpass the hurdle of $0.32 in the process.
However, if the bears manage to prevail in the battle, the price might continue to hit the road for lower support, and the next support after breaking $0.20 will be $0.15.