Crypto analyst CobraVanguard has forecasted a potential 300% price breakout for the Solana (CRYPTO:SOL) meme coin MYRO (CRYPTO:MYRO).

In a recent TradingView post, he noted that the coin has formed a bullish wedge on the daily time frame, which could lead to a price increase up to approximately $0.15.

CobraVanguard emphasised caution, advising market participants to be careful given the current volatility in the crypto market.

He attributed recent price declines partly to the emergence of the Trump coin, which has drained liquidity from other Solana meme coins.

Despite these challenges, there is optimism surrounding MYRO's future.

The coin has experienced a significant drop since reaching its all-time high of $0.44 in March of last year, currently trading about 90% lower than that peak.

CobraVanguard's analysis suggests that MYRO could rebound from its lows and potentially reach new highs if it breaks through key resistance levels.

Another analyst, Javon Marks, offered an even more bullish perspective, predicting a possible price surge of over 600% for MYRO.

Marks pointed out that the coin's price is currently holding steady and has broken out of a falling wedge pattern.

He indicated that if this trend continues, MYRO could aim for a breakout target of $0.417776, representing a significant increase from its current levels.

Additionally, analyst Yzzz expressed optimism about MYRO's future, stating that "the fun starts soon," hinting at an impending bullish reversal.

Yzzz noted that MYRO is listed on Bybit, where 20% of its supply is held, suggesting that this exchange could play a role in driving future price increases.