Solana-based meme coin MYRO is attracting attention from crypto analysts. They suggest it could be the next token to reach a $1 billion market cap, while predictions emerge of a potential 200% price surge.
Crypto analyst CobraVanguard shared insights on TradingView. He noted MYRO is forming a falling wedge pattern on daily charts. A breakout from current resistance could trigger significant upward movement. CobraVanguard expects the price to reach the 0.618 Fibonacci level at $0.2. This would push MYRO's market cap above $200 million and pave the way for the coveted $1 billion valuation.
Another analyst, SwallowPremium, echoed this bullish sentiment. He stated that surpassing the $0.2 mark could lead to further price increases. MYRO's all-time high stands at $0.4, achieved in March 2024. Reaching the previous peak would put MYRO's market cap over $400 million. This scenario strengthens the community's belief in the potential $1 billion valuation.
Analyst Yzzz predicts an imminent price breakout for MYRO. He noted on social media platform X that Bitcoin's upward movement could catalyze MYRO's surge. He observed that MYRO's chart has been primed, having bottomed out with time-based capitulation occurring.
MYRO has already secured listings on major exchanges Binance and Bybit for perpetual trading. Yzzz highlighted this as a significant achievement. He pointed out that MYRO is the Solana-based meme coin with the lowest market cap to attain this status.
The analyst believes MYRO's presence on major centralized exchanges will drive further price appreciation. In a bold claim, Yzzz suggested MYRO could soon outperform Dogwifhat (WIF), currently the leading Solana meme coin. He noted that both tokens have traded similarly for some time. However, Yzzz expects this dynamic to shift in MYRO's favor.
As with all cryptocurrency investments, caution is advised. While analyst predictions are optimistic, the volatile nature of meme coins and the broader crypto market should be considered. Investors are encouraged to conduct thorough research before making investment decisions.