The single-day increase of $MEME has reached 31.61%, just like yesterday's $BIO . It is not a sudden surge, but a step-by-step progression. It looks good overall. I mentioned yesterday that I shorted $BIOz at 0.178, and I was expecting it to go a few points higher, but it fell from 0.1749 down to 0.147.
Meme is also following the same rhythm, and I am bearish now!
Target: 0.0025
The reason is quite simple; the entire cryptocurrency market is highly correlated, especially influenced by the mainstream $BTC $ETH. I mentioned in my article a few days ago that the overall market is actually in a fluctuating recovery.
Currently, $MEME has already charted its own path, but it will oscillate back and forth before Friday #杰克逊霍尔会议 . MEME has moved upwards for a while, and a pullback is expected.
The true prosperity of the crypto world will only come after Friday #杰克逊霍尔会议 .
There will be fluctuations throughout the day.
Keep an eye on: CFX ENA SOL XRP DOGE OM SUI
