The analyst identified that MYRO has built a double bottom pattern, an indicator of a potential reversal of the current downtrend, which marks a new uptrend.The analyst identified that MYRO has built a double bottom pattern, an indicator of a potential reversal of the current downtrend, which marks a new uptrend.

MYRO Tests $0.005087 Support After Double Bottom Forms, Hinting at a Looming Breakout from Downtrend

2026/01/21 22:10
3 min di lettura
Per feedback o dubbi su questo contenuto, contattateci all'indirizzo crypto.news@mexc.com.
trading-chart

Prominent crypto analyst Sangita today identified a looming double bottom pattern in Myro (MYRO), a formation that suggests a substantial price momentum could be coming. The MYRO token, a meme coin based on the Solana blockchain, has been experiencing market difficulties recently. According to metrics from CoinGecko, MYRO price has been down 32.6% and 6,8% over the past week and month, respectively, showing its downside movement. Also, today the virtual asset recorded a 1.6% decline, currently making its price stand at $0.005087.

The Double Bottom Indicator and What It Means

Currently, Myro’s year price is down by 88.2%. As a result, it has significantly underperformed compared to Dogecoin and other major meme coins like Shiba Inu, MemeCore, PEPE, and others this cycle, raising concerns among investors. One of the main catalysts behind this underperformance is the lack of user interest surrounding overall meme coins over the past year, with MYRO one of the casualties that suffered the most.

The meme coin sector saw significant decreases in 2025 as volatility and macroeconomic concerns caused retail investors to shift away from highly speculative assets. Just to show an indicator of this decline, as of December 19, 2025, the overall market cap of meme coins dropped to $35 billion (the lowest point of the year), representing a 65% fall from the year’s high record. This is a sharp difference compared to the trading pattern noticed during the previous year. On Christmas Day 2024, the market cap of meme assets had reached $100 billion.

In a significant development for crypto markets, the MYRO weekly timeframe now displays a strong double bottom pattern, indicating that the asset is primed to experience potential major market rebounds toward higher resistance levels soon.

Crypto market participants typically consider meme assets as a thermometer (an indicator) of retail risk appetite. The substantial decrease in market cap noted in 2025 signified a more cautious environment in the crypto market during that year due to macro-economic uncertainties like trade tariff concerns witnessed in April, June, and October. This uncertainty adversely affected market sentiment last year.

Today, a top market analyst popularly known as Sangita shared his views on MYRO’s next move, suggesting that a rebound could happen if some technical levels hold. The analyst identified that MYRO appears to be creating a double bottom pattern. The double bottom pattern functions as a bullish reversal signal, showing that the ongoing downtrend is coming to an end, paving the way for an upcoming price trajectory.

MYROUSDThe current prince of Myro is $0.005087.

Analysis Of Factors Behind MYRO’s Looming Surge

The formation of the double bottom pattern on the MYRO trading chart signals an approaching bullish trend, driven by growing token accumulation and building positive market sentiment among crypto users. This shows that retail investors are gradually accumulating MYRO while institutional investors are also adding the token to their portfolios.

The rising buying activity (as identified by the analyst) is set to bolster MYRO prices and enable the token to embark on upcoming sustained upsides. One of the drivers behind this momentum is the growing user appetite for meme coins’ trading since the beginning of the new year. 

Opportunità di mercato
Logo Myro
Valore Myro (MYRO)
$0.003067
$0.003067$0.003067
-0.77%
USD
Grafico dei prezzi in tempo reale di Myro (MYRO)
Disclaimer: gli articoli ripubblicati su questo sito provengono da piattaforme pubbliche e sono forniti esclusivamente a scopo informativo. Non riflettono necessariamente le opinioni di MEXC. Tutti i diritti rimangono agli autori originali. Se ritieni che un contenuto violi i diritti di terze parti, contatta crypto.news@mexc.com per la rimozione. MEXC non fornisce alcuna garanzia in merito all'accuratezza, completezza o tempestività del contenuto e non è responsabile per eventuali azioni intraprese sulla base delle informazioni fornite. Il contenuto non costituisce consulenza finanziaria, legale o professionale di altro tipo, né deve essere considerato una raccomandazione o un'approvazione da parte di MEXC.

Potrebbe anche piacerti

CME Group to launch Solana and XRP futures options in October

CME Group to launch Solana and XRP futures options in October

The post CME Group to launch Solana and XRP futures options in October appeared on BitcoinEthereumNews.com. CME Group is preparing to launch options on SOL and XRP futures next month, giving traders new ways to manage exposure to the two assets.  The contracts are set to go live on October 13, pending regulatory approval, and will come in both standard and micro sizes with expiries offered daily, monthly and quarterly. The new listings mark a major step for CME, which first brought bitcoin futures to market in 2017 and added ether contracts in 2021. Solana and XRP futures have quickly gained traction since their debut earlier this year. CME says more than 540,000 Solana contracts (worth about $22.3 billion), and 370,000 XRP contracts (worth $16.2 billion), have already been traded. Both products hit record trading activity and open interest in August. Market makers including Cumberland and FalconX plan to support the new contracts, arguing that institutional investors want hedging tools beyond bitcoin and ether. CME’s move also highlights the growing demand for regulated ways to access a broader set of digital assets. The launch, which still needs the green light from regulators, follows the end of XRP’s years-long legal fight with the US Securities and Exchange Commission. A federal court ruling in 2023 found that institutional sales of XRP violated securities laws, but programmatic exchange sales did not. The case officially closed in August 2025 after Ripple agreed to pay a $125 million fine, removing one of the biggest uncertainties hanging over the token. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/cme-group-solana-xrp-futures
Condividi
BitcoinEthereumNews2025/09/17 23:55
Zelenskyy warns Russia aims to involve Belarus in Ukraine conflict

Zelenskyy warns Russia aims to involve Belarus in Ukraine conflict

The post Zelenskyy warns Russia aims to involve Belarus in Ukraine conflict appeared on BitcoinEthereumNews.com. Zelenskyy said Russia is trying to draw Belarus
Condividi
BitcoinEthereumNews2026/04/18 11:12
Bitcoin, Gold, and U.S. Stocks Dive as Trump Pledges to Hit Iran ‘Extremely Hard’

Bitcoin, Gold, and U.S. Stocks Dive as Trump Pledges to Hit Iran ‘Extremely Hard’

The post Bitcoin, Gold, and U.S. Stocks Dive as Trump Pledges to Hit Iran ‘Extremely Hard’ appeared on BitcoinEthereumNews.com. In brief Bitcoin dropped Thursday
Condividi
BitcoinEthereumNews2026/04/02 17:57

USD1 Genesis: 0 Fees + 12% APR

USD1 Genesis: 0 Fees + 12% APRUSD1 Genesis: 0 Fees + 12% APR

New users: stake for up to 600% APR. Limited time!