🔥 Update Plan for $MEME | Technical Rebound or Just a Dead Cat Bounce?
Weekly Chart Analysis
#MEME just had a strong +20% bounce after a long downtrend. Let’s break down the current technical signals:
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🔸 Price Action
• Current price: $0.003116
• EMA(7) = 0.002589, now starting to curl up
• EMA(25) = 0.005559, still far above → this bounce may just be a short-term recovery
• After a massive drop from $0.10, MEME is now trying to form a bottom around 0.0024 - 0.0031
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🔸 RSI (Momentum Indicators)
• RSI(6) = 52.6 – just broke above 50 → early sign of recovery momentum
• RSI(12) and RSI(24) still below 50 → sellers still exist, market isn’t fully bullish yet
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🔸 MACD
• MACD Histogram turned positive (0.000364)
• DIF line just crossed above DEA → mild bullish divergence
• Needs follow-through and volume confirmation
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👉 My View
• MEME may have found a short-term bottom
• If it holds above $0.003 and EMA(7) keeps rising, expect sideways consolidation or gradual push up
• Caution: EMA(25) is still above → no clear trend reversal yet
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✅ My Strategy Plan
• Start small DCA if price stays above $0.003 and RSI > 50
• Better entry if it retests the $0.0024 level and bounces
• Wait for breakout above EMA(25) for stronger confirmation before going heavy
• Focus on trend confirmation, not FOMO
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⛔️ This is not financial advice. Always DYOR.