#CryptoTrading.

📊Technical Analysis (1 hour) $MEME /USDT

1. Price and Trend:

• Current Price: ~0.003837 USD.

• The chart shows a sharp increase in recent days, which may indicate a strong bullish momentum. However, the previous decline before the increase indicates volatility.

2. Bollinger Bands (20, 2):

• The price is approaching the upper limit (0.004451), which may signal overbought conditions. The middle line (0.003153) serves as support, the lower (0.001854) is a potential level for a rebound.

3. Volume:

• A significant increase in volume (676,801,470) accompanies the price growth, which confirms the strength of the trend. However, a sharp decrease in volume may signal a possible correction.

4. MACD:

• DIF (0.000366) crosses DEA (0.000290) upwards, and MACD (0.000076) is positive, which is a bullish signal supporting the current trend.

5. Stochastic RSI:

• The value 68.459065 (MA: 71.826479) is in the neutral zone, approaching the overbought zone (>80). This may indicate the need for caution.

⚠️Conclusion: The short-term trend is bullish, but the risk of a correction increases due to the approach to the upper Bollinger Bands and the high Stochastic RSI. It is recommended to watch the support at 0.002294 and the resistance at 0.004451. If the volumes fall, a reversal is possible.