Powell Becomes the Grim Reaper of the Crypto World? The Life-or-Death Line for MEME Coins Will Be Revealed Tonight, Bulls Have Drawn Their Swords!
Federal Reserve Chairman Powell's speech at 10 PM tonight is destined to be a moment of life and death for MEME coins.
The double game of technical and fundamental aspects will directly decide whether it will rush to $0.004 or smash through $0.0015!
Technical Aspect: Bollinger Band Alarm Sounded, Trading Volume Hides Mystery
From the latest K-line chart, the current price of MEME coin at $0.0024 is approaching the lower rail of the Bollinger Band. The Bollinger Band opening is upward but the width is narrowing, indicating that market volatility is decreasing, but the trading volume has increased against the trend to 29.8 billion! This is very similar to the calm before the storm. The main force may be accumulating chips at a low level, waiting for the news to detonate the market.
The RSI indicator is stuck at 48.59, neither overbought nor oversold, but combined with the Bollinger Band narrowing, if it breaks through the middle rail tonight, the bulls may take advantage of the momentum to sprint to $0.004;
Conversely, if it falls below the lower rail, the $0.0015 "psychological barrier" will face a second test!
Fundamental Aspect: Powell "Dovish or Hawkish" Determines Directional Choice
At the global central bank annual meeting, Powell's mouth is the "market switch"!
If it releases a dovish signal, such as explicitly cutting interest rates by 25 basis points in September and emphasizing a soft landing for the economy, funds will pour into the crypto market. As a high-volatility variety, MEME coin may take advantage of the momentum to break through the upper rail of the Bollinger Band and rush straight to $0.004!
If a hawkish speech is made, such as warning of an inflation rebound and downplaying interest rate cut expectations, the dollar index may soar, suppressing risk assets. If MEME coin falls below the $0.0022 support, the $0.0015 "previous low" may be difficult to hold!
Key Data: Will History Repeat Itself?
Looking back at December 2024, after the Federal Reserve cut interest rates, Bitcoin plummeted by 10%, but MEME coin rose against the trend by 300%! This shows that small currencies are more sensitive to policies. If Powell's tone softens tonight, MEME coin is entirely possible to replicate history and become a "safe haven" for hot money!
Last 1 Hour!
The technical aspect has given a signal, and the fundamental aspect is about to reveal the answer. Whether you are a bull or a bear, 10 PM tonight is destined to be a "sleepless night" for MEME coin!
Click on the avatar and follow Te Ge!! Don't miss any first-hand information updates! Go to the feast together! #MEME #杰克逊霍尔会议
