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

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.

The 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.