Crypto analyst CobraVanguard has provided a bullish outlook for the Solana meme coin MYRO. The analyst has stated that the meme coin is primed for an explosive 300% price breakout and revealed how this could happen.
Solana Meme Coin MYRO Is Primed For A 300% Breakout
In a TradingView post, crypto analyst CobraVanguard predicted that the Solana meme coin MYRO is primed for a 300% price breakout. This came as the analyst revealed that the price has formed a bullish wedge on the daily time frame. He added that if it breaks out, it could drive the price up to around $0.15.
In an update, the analyst stated that the trade setup was already in play. However, he urged market participants to wait and be careful, seeing how volatile the crypto market is at the moment. CobraVanguard added that the reason for the crash was the Trump coin, which drained liquidity from all other Solana meme coins.
Irrespective, this recent analysis undoubtedly provides some optimism regarding the MYRO price. The Solana meme coin has been on a massive decline since hitting its current all-time high (ATH) of $0.44 in March last year. For context, the meme coin is 90% below its current ATH.
This price decline for MYRO has been partly due to the fact that the newer meme coins in the Solana ecosystem have drained liquidity from older coins like it. Cobra Vanguard’s analysis suggests that the meme coin is bound to rise from the ashes and even rally to $0.15, which could be the first step to reaching a new ATH.
MYRO Could Witness A 600% Price Surge
Crypto analyst Javon Marks provided a more bullish outlook for the Solana meme coin MYRO, predicting that it could witness a price surge of over 600%. This came as the analyst remarked that the meme coin’s price on the daily Non-Log chart is currently holding, broken out of a sizeable falling wedge pattern.
In line with this, the analyst remarked that the meme coin’s price could be prepared to deliver significant results toward the breakout target at $0.417776. He added that with this target of over 630% away, MYRO could record a price increase of over 7x from its current level.
Crypto analyst Yzzz also provided a bullish outlook for the Solana meme coin, stating that the “fun starts soon,” indicating that a bullish reversal could be on the horizon. The analyst noted that the meme coin is listed on Bybit, with the crypto exchange holding 20% of supply. He suggested that the exchange would, at some point, contribute to a massive price surge for the meme coin.
At the time of writing, the MYRO price is trading at around $0.039, down over 10% in the last 24 hours, according to data from CoinMarketCap.
