MYRO/USDT Testing Key Support – Breakout or Breakdown?📊 Complete and Relevant Chart Analysis:
The MYRO/USDT pair is currently in a consolidation phase after experiencing a medium-term downtrend. Several key technical elements can be observed in this chart:
---
🟡 Support Zone (Demand Area):
Price is now sitting at a strong support zone (yellow box), ranging around $0.014 – $0.018, which has been tested multiple times throughout 2024–2025.
This zone serves as a potential accumulation base and could act as a springboard for a reversal.
---
📉 Descending Trendline Resistance:
A dominant descending trendline from the November 2024 high continues to suppress the price.
The price has yet to break above this trendline, indicating sellers are still in control on the medium-term timeframe.
---
📈 Key Resistance Levels:
Based on previous structure and potential retracement targets:
$0.026501
$0.038855
$0.061016
$0.150465
$0.271071
---
📉 Nearest Support Levels:
$0.018287 (current price)
If price breaks down below this zone, it may drop toward $0.014000 or even $0.010108 (all-time low)
---
🧠 Pattern & Structure:
A clear Descending Triangle pattern is forming, typically a bearish continuation. However, as price nears the apex and holds the support zone, this could also signal a potential reversal setup.
Volume confirmation will be crucial if a breakout occurs.
---
🚀 Bullish Scenario:
1. Price bounces off the strong support zone and successfully breaks the descending trendline with solid volume.
2. Targets on the upside include:
$0.0265 (minor resistance)
$0.0388
$0.0610 (psychological and technical level)
---
🔻 Bearish Scenario:
1. If price fails to hold above $0.018 and breaks down from the yellow support box:
A drop toward $0.0140 is likely, with potential extension to $0.0101.
2. Increasing selling pressure and low volume on the bounce would strengthen this bearish outlook.
---
🎯 Conclusion:
MYRO/USDT is at a critical juncture, testing a major support level and nearing the end of a descending triangle. The next movement will determine whether we see a bullish breakout or a continuation of the bearish trend.
#MYROUSDT #CryptoAnalysis #AltcoinSetup #SupportResistance #BreakoutTrade #DescendingTriangle #TechnicalAnalysis #CryptoSupport #ReversalPattern #CryptoTrading
