$MEMEFI Market Analysis Simplified
I. Market Status Several platforms have launched MEMEFI trading, and they are also conducting airdrop activities to attract popularity. The new platform goose.run is also expanding its ecosystem and it looks quite lively. However, Memecoin fundamentally relies on speculation, with prices able to soar by 35% in a day or drop by 10%. OKX has previously delisted its leveraged trading due to the evident risks.
II. Key Reminders Support Level:
Near the EMA7 moving average and key round numbers, which may provide temporary support; if it drops below the previous low of the consolidation phase (around EMA30), it becomes dangerous, and one must stop losses. Resistance Level: The high point on June 15 and key round numbers may face selling pressure. Breaking through the previous high may lead to a further rise, but it all depends on market sentiment and irrational trading.
III. Risk Warning
This asset has no actual value; it is just a fund game. Once the major players dump it, there will be a sharp decline, and many people who chased the highs previously suffered significant losses.
Final Note: Memecoin is a speculative product that thrives on hype, with volatility being the norm. Stay away from illegal trading and do not gamble your hard-earned money!
Successfully recoup your investment, double your account. Follow closely with Jidong, position yourself in advance, and enjoy the big profits!!!
Keep an eye on: SKATE MEMEFI
