🚀 MEME/USDT Price Analysis: Next Move, Support, Resistance, and Bullish Trend Update! 📈
Based on the MEME/USDT weekly chart:
Current Price: ~$0.001939 💰
Resistance Zone:
The nearest resistance is around $0.047607, with a higher target resistance at $0.057044 as indicated on the chart. ⬆️
Support Zone:
Immediate support is near $0.016629, with a stronger support range between $0.008569-$0.016629 where the price has shown stability. ⬇️
Next Move: 🌟
With a recent +6.25% gain, MEME is showing early signs of recovery from its downward trend. If the bullish momentum continues, it could test the $0.047607 resistance next. A strong breakout might push it toward the $0.057044 target. However, if it fails, it may retreat to the $0.016629 support or lower to $0.008569. 📊
Bullish Trend Update: 📈
The chart suggests a potential bullish move if the price breaks above the current consolidation zone, especially with the upward target marked. Sustained volume and positive momentum could confirm a longer-term bullish trend, but a drop below $0.008569 might negate this outlook.
