$MEME Da Positive Price Increase with Key Support at $0.0020

Current Price: $0.002168

24h Volatility: +4.77%

24h Volume: ~$61.4M

Circulating Supply: ~52.45B MEME

Resistance: $0.002175 (Fibonacci level 23.6%)

Support: $0.001978 (Fibonacci level 50%)

MEME is showing a bullish trend, trading at $0.002168, up 4.77% in the last 24 hours. The price has surpassed the 7-day SMA ($0.00188) and the 30-day EMA ($0.00186), signaling short-term bullish momentum. The Relative Strength Index (RSI) is currently at 70.68, indicating an overbought condition, suggesting a potential technical correction.

🔢 Fibonacci Levels: Important Retracement Areas

Retracement 0.236: $0.002175

Retracement 0.382: $0.002090

Retracement 0.5: $0.001978

Retracement 0.618: $0.001865

The price has rejected the Fibonacci 23.6% level at $0.002175, aligning with the 7-day SMA. A correction to the 50% Fibonacci level at $0.001978 is possible, with support at the 30-day SMA ($0.001865).

📊 RSI: 70.68 – Overbought Condition

The RSI is currently at 70.68, indicating an overbought condition. This suggests a potential technical correction if the price fails to hold above critical support levels.

🎯 Entry Zones

Safe Entry: Consider entering around $0.001978, with a stop loss below $0.001865.

Risky Entry: A breakout above $0.002175 could provide an entry point with a stop loss near $0.002090.

Take Profit Zones

TP1: Target around $0.002175, aligning with the 23.6% Fibonacci level.

TP2: Aim for $0.002250, a psychological resistance level.

Stop Loss Ideas

Conservative: Set a stop loss at $0.001865 to account for potential market volatility.

Tight: Set a stop loss near $0.001978 to minimize risk, but be cautious of volatility.