Myro (MYROUSD) Price Forecast: January 20
MYROUSD at the moment is currently recovering and will keep soaring higher as it faces the upper channel. Thus, if the coin closes above a $ 0.24890 high mark, the accelerated buying pressure may increase the coin price to reach the $0.26000 upper resistance level, and a potential buy signal.
Key Levels:
Resistance Levels: $0.19000, $0.20000, $0.21000
Support Levels: $0.14000, $0.13000, $0.12000
MYRO (USD) Long-term Trend: Bullish (4H Chart)
The long-term market value of Myro will keep soaring higher as we can see prices moving in a bullish direction from the chart below. The coin price now trades in the upper channel of the market and confirms a bullish race. This is due to the high impact of the buy investors in the coin market.
The bullish impact on the crypto to a $0.22824 supply level in the past few days has sustained its firmness above the supply levels in its recent trend levels.
After testing the low of $0.19506 value during yesterday’s session, the MYROUSD price climbed up to the $0.21000 mark, trying to replenish the bullish momentum. Thus if this bullish growth pattern is steady, an established uptrend will be achieved while the coin price keeps soaring higher.
Similarly, the price signal is pointing upwards indicating that the price of Myro will keep soaring higher, and in this case, the price could jump up to hit the $0.26000 supply mark sooner in its long-term outlook.
MYRO (USD) Medium-term Trend: Bullish (1H Chart)
Analyzing the chart below, we can see that MYROUSD is in a bullish market zone. The price which currently trades above the EMA-50 will keep soaring higher if the bulls can keep to their stand and increase their efforts.
During yesterday’s session, the pair reached and held the $0.22600 resistance level. This has made it possible for the coin to remain in an uptrend in its recent high.
The drop in the price of Myro to the $0.20665 low value as the 1-hour chart commenced today has no serious effect on the market as the price remains in an uptrend. Hence, staying above the supply levels indicates a strong possibility for a bullish correction.
A strong breakup above the $0.24890 resistance point would enable the coin price to keep soaring higher.
Additionally, should the bulls exchange hands with the sell traders at the $0.20665 low value and close above the $0.24890 resistance value, the coin price might further increase to a $0.26000 resistance level which could lead to additional gains for the buy investors in its medium–term outlook.
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