$MEME
Technical Analysis of MEME/USDT – Are You Ready for More Upside?
Current Price: 0.002505
24-Hour Increase: +27.48%
24-Hour Range: from 0.001959 to 0.002638
Quick Overview:
Strong Upward Momentum: The price has significantly risen from 0.001376 to 0.002808 in a strong movement, with the upward trend continuing today.
Trading Above Moving Averages:
EMA7 = 0.002120, EMA25 = 0.002060, EMA99 = 0.003596. The price is currently trading above EMA7 and EMA25, reflecting a continued bullish momentum.
RSI at 76.87: Approaching the overbought region, indicating the possibility of a correction soon before the price resumes its rise.
MACD shows a strong positive crossover, reinforcing the bullish momentum at this time.
Trading Strategy: "Continuation of the Uptrend or Short Correction"
Entry Point: If the price continues to hold above 0.00250, further upside is expected.
First Target: 0.00280
Second Target: 0.00300
Stop Loss: Break below 0.00214 with a candle closing below this level.
Forecast:
Upside is possible if the price remains above 0.00250, but caution is warranted due to the strong overbought condition in the RSI.
If we see a correction, the 0.00214 level could be a strong support point for buying again.
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