Crypto analyst CobraVanguard has instructed that the Solana-based meme coin MYRO may very well be the subsequent to achieve a $1 billion market cap. This follows his prediction that the meme coin might take pleasure in a 200% worth surge from its present degree.
Why MYRO May Take pleasure in A 200% To $0.2
CobraVanguard talked about in a TradingView put up that the meme coin is forming a falling wedge on the every day timeframe. He claimed that MYRO might take pleasure in large upside strikes if it breaks out from its present resistance. The analyst added that he expects the value to go as much as the Fibonacci line of 0.618, which is at $0.2.
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An increase to $0.2 implies that the Solana meme coin might rise above a market cap of $200 million. Primarily based on CobraVanguard’s prediction, MYRO will possible take pleasure in additional strikes to the upside, doubtlessly putting a $1 billion market cap in sight. Crypto analyst SwallowPremium additionally supplied a bullish outlook for the mem coin, stating {that a} breakout above the $0.2 degree will result in additional strikes to the upside.
It’s price mentioning that MYRO’s present all-time excessive (ATH) is at $0.4, a worth degree reached in March earlier this yr. As such, a run as much as its present ATH will possible be on the playing cards if the Solana meme coin reaches $0.2. A run to its present ATH will put it above a $400 million market cap, additional strengthening the group’s perception that the coin might attain a $1 billion market cap.
The Worth Breakout Will Quickly Occur
Crypto analyst Yzzz additionally acknowledged in an X put up that the MYRO worth breakout will quickly occur. The analyst famous that if Bitcoin strikes to the upside, the meme coin will certainly “run arduous.” He added that the chart has been primed for some time, seeing because it bottomed and the time-based capitulation has occurred.
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In the meantime, Yzzz additionally cited that MYRO was already listed on Binance and Bybit for perpetuals buying and selling. He famous that that is the Solana meme coin with the bottom market cap to attain this feat. As such, he expects the coin to go greater, seeing how a lot consideration it already has by way of the largest centralized exchanges (CEXs).
Apparently, the crypto analyst boldly claimed that MYRO would quickly outperform the foremost Solana meme coin, Dogwifhat (WIF). He revealed that each meme cash have traded intently for a while now. Nonetheless, he expects that to vary quickly sufficient, with MYRO popping out on prime. According to this, he suggested market contributors to position their bets and consider in one thing.
On the time of writing, MYRO is buying and selling at round $0.08, up over 15% within the final 24 hours, in line with information from CoinMarketCap.
Featured picture created with Dall.E, chart from Tradingview.com
