MEME/USDT Rebounds 5% From Local Low – Sideways Movement Signals Cautious Buyers
Price Overview:
Current Price: $0.002426
24H High: $0.002561
24H Low: $0.002291
Change (1H): -4.34%
Volume (24H): 6.44B MEME / 15.79M USDT
Key Technical Levels:
Support: $0.002291 (recent bounce zone)
Resistance: $0.002476 (EMA-25) and $0.002561 (24H high)
EMA Overview:
EMA(7): 0.002412 (slightly below price)
EMA(25): 0.002476 (immediate resistance)
EMA(99): 0.002643 (long-term resistance)
Indicators:
RSI (6): 54.72 – Neutral; shows recovery from oversold levels
MA(5): 145.8M | MA(10): 187M – Mixed crossover zone
Volume: Gradual increase with green candles indicates cautious accumulation
Trend Summary:
After a steep fall of -83.27% over 180 days and -90.33% over 1 year, MEME is trying to stabilize. Price is currently consolidating between EMA-7 and EMA-25, suggesting a short-term sideways trend. A break above EMA-25 could invite bullish momentum, while another drop below $0.00229 might expose MEME to fresh lows.
Outlook:
Bullish Scenario: Break and hold above $0.002476 could open room toward $0.002643 (EMA-99).
Bearish Scenario: Rejection from EMA-25 may lead to another test of the $0.00229 support.
Neutral Bias: RSI and EMA alignment support consolidation in the short term.
