The Myro Price Is Getting Ready For A Strong Move
The Myro price has surged by more than 127% in the last 7 days, currently trading at $0.07166. On the 4-hour chart, a symmetrical triangle pattern has emerged, indicating that the Myro price may experience a breakout soon. The bullish scenario could see MYRO attempt to surpass the resistance level at $0.09425. However, if the Myro price falls below the immediate support level at $0.06250, it could signal a move to $0.04595 or lower in the short term.
Technicals Point To A Pullback For The Myro Price
Technical indicators suggest a bearish trend for Myro in the short term. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators signal a potential price correction soon. The MACD line breaking below the MACD Signal line indicates a negative short-term trend. Also, the RSI indicator is below its Simple Moving Average (SMA), showing growing strength among sellers.
Sponge V2 Shows Potential To Become The Next 100X
Sponge V2 is showcasing potential for remarkable growth and returns similar to its predecessor, Sponge V1. The project aims to present early investors with a second chance to benefit from its growth. The introduction of a play-to-earn racer game positions Sponge V2 to capitalize on the evolving blockchain gaming sector.
Attractive Rewards Coupled With 100X Potential
Along with the opportunity for 100x returns, Sponge V2 offers a staking program with a minimum APY of 40% in rewards paid out in V2 tokens. To purchase Sponge V2, you will need to buy and stake Sponge V1 on the project’s website. However, if you already own Sponge V1, you will only need to stake your tokens.
Building Off Its Previous Success
Sponge V2 aims to build off the success of Sponge V1, which generated a peak market cap of $100 million and 100x returns for early investors. The introduction of the play-to-earn racer game and the potential for growth in the blockchain gaming sector provide Sponge V2 with a promising outlook.
Hot Take
You should keep an eye on Myro for a potential short-term correction based on technical indicators like the RSI and MACD. At the same time, Sponge V2 is focused on delivering attractive returns to early investors through its staking program and play-to-earn game.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies.Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.
