• After a sharp drop and a weekly decline of 5.4%, MYRIA rebounded off a significant support level at $0.0009905.

  • The token has breached a descending multi-month trendline, indicating a possible change in short-term structure.

  • A quick reaction at $0.001148 is essential in opening a wider relief towards$0.0021.

Myria (MYRIA) is showing early indications of a trend reversal after recovering from the $0.0009905 support level. Having posted a 5.4% loss over the past week, MYRIA has been unfaltering, trading at $0.001149 at writing. The price has breached an upward trendline which originally defined the downtrend likely signaling a reversal in the short-term price movement.

This rebound is following the consolidation of the asset within a narrow range, which has built firm support at 0.00099. The bounce from this zone highlights buyer activity despite prevailing bearish pressure. As MYRIA attempts to stabilize, price action is developing above this support with modest bullish follow-through.

Myria Tests Key Resistance as Bullish Momentum Builds

While MYRIA has broken out of the downward channel, it now faces an initial resistance at $0.001148. This level remains a significant hurdle that has capped intraday advances. A clear move above this resistance is essential for the token to reclaim stronger momentum. Current market activity suggests renewed interest, but bulls must maintain pressure to prevent another rejection.

Source: Coingecko

The move is supported by volume data, which has seen greater accumulation with the recent bounce. Nonetheless, failure to extend beyond the $0.001148 may necessitate the re-testing of the preceding support area at $0.0009905.

Myria Eyes Breakout as Support Holds Firm

If MYRIA maintains support and breaks through $0.001148, the next likely target lies near the $0.0021 level. The path remains dependent on sustained bullish volume and continued defense of the current range. Notably, the recent breakout has created an opportunity for short-term bullish extension if conditions hold.

https://twitter.com/WorldOfCharts1/status/1952637332042965045

This structure presents a well-defined range between the support at $0.0009905 and the potential upside near $0.0021. Myria shows early signs of recovery after breaking its downtrend. Holding above $0.0009905 support, a breakout above $0.001148 could trigger a broader move toward the $0.0021 resistance level.