Why did $MEME suddenly rise?
1. Following the trend of the SOL chain, recently the Meme coins over there have skyrocketed, and funds are starting to look for bargains everywhere. As a well-established Meme coin on Binance, MEME has naturally caught attention.
2. Oversold rebound, having dropped 82% over the year, now suddenly rising 36% on a weekly basis, like a spring that has been compressed and is bound to bounce back.
3. The market is speculating on Kanye-related Meme coins, and some money missed out, so they turned to buy MEME.
What needs to be noted now is: $0.0025 is a threshold, many people got stuck here last year.
A large bullish candlestick is a signal of big funds entering the market, do not chase the rise! Watch first, wait for the market makers to sell off, and then short the next wave!
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