Meme Coin Market Watch: FLOKI Set for Big Rally, MYRO Poised to ‘Easily Pop 10x’ From this Level
Two crypto analysts, Crypto Tony and Crypto Rover, have shared their technical analysis on the potential future prices of the FLOKI and MYRO cryptocurrencies. Their views suggest both tokens could see upward price breakouts soon.
What you'll learn 👉
FLOKI’s Consolidation and Potential Pump
According to Crypto Tony, FLOKI is about to ‘Consolidate then pump.’ Moreover, the FLOKI token against the US dollar is currently in a consolidation phase after experiencing a substantial bullish candlestick movement. This large upward price movement indicates a strong upward trend within a short period, possibly driven by a specific event or catalyst within the market or the broader crypto market.
In his analysis, Crypto Tony highlights a crucial support level marked on the weekly candlestick chart. He emphasizes the importance of holding this support level, as it could prevent the price from dropping further. The analyst notes, “Hold that support level I have marked out is crucial.”
Moreover, after the significant price increase, the FLOKI token appears to be consolidating, with smaller candlesticks and a narrower price range. This consolidation phase could signify market uncertainty or a pause as traders digest the recent upward movement.
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Show more +MYRO’s Massive Consolidation and Potential 10x Growth
On the other hand, Crypto Rover is bullish on the MYRO token, which he believes is creating another “massive consolidation phase.” His chart analysis for MYRO depicts two converging trend lines forming a triangle pattern. The resistance line at the top connects the lower highs, while the support line at the bottom connects the higher lows.
This triangle formation is indicative of a consolidation phase where price volatility decreases as the highs get lower and the lows get higher, moving towards the apex of the triangle. Significantly, Crypto Rover has extended a line upwards from the triangle’s apex, suggesting a potential bullish breakout where the price could break through the resistance line and continue to rise.
Furthermore, Crypto Rover”reveals that he holds more than $150,000 worth of MYRO tokens and believes the token “can easily pop 10x from here.” This statement reflects his confidence in the token’s potential for substantial growth.
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