#MemecoinSentiment *Memecoin Sentiment Analysis*

The current sentiment around memecoins is a mixed bag. Let's dive into the numbers and trends to understand the market's mood.

*Market Performance*

- *Memecoin Market Cap*: The combined market cap of meme coins stands at approximately $140 billion, with a 3.16% share of the total cryptocurrency market cap.

- *Top Meme Coins*: Dogecoin (DOGE), Shiba Inu (SHIB), and Pepecoin (PEPE) are leading the pack, driven by strong community support and viral marketing.

- *Price Action*: Memecoin (MEME) is currently trading at $0.0017974, with a 0.32% decrease in the last 24 hours and a 15.22% increase over the past week ¹ ².

*Sentiment Indicators*

- *Fear & Greed Index*: The current Fear & Greed Index stands at 74, indicating a "Greed" zone in the market.

- *Technical Analysis*: Memecoin's 14-day RSI is at 54.82, signaling a neutral position. The 50-day SMA is $0.001825, while the 200-day SMA is $0.004883.

- *Community Sentiment*: According to AltcoinGordon, the sentiment among memecoin traders is characterized by high volatility and uncertainty, with traders often responding to hype rather than fundamental analysis ³ ⁴.

*Market Outlook*

- *Short-Term*: Memecoin's price is predicted to trend downward in the coming days, with a potential dip to $0.001324 by August 12, 2025.

- *Long-Term*: The long-term forecast suggests a bullish trend