Here’s a technical breakdown and trading insight for $MEME /USDT based on your latest data:
---
MEME/USDT Overview
Current Price: $0.002264
24h Change: -11.39% (High bearish pressure)
24h High: $0.002632
24h Low: $0.002240
24h Volume (MEME): 4.64B
24h Volume (USDT): $11.13M
Category: Meme
---
Technical Indicators
MA60: $0.002291 (Price is trading below, indicating weakness)
MA(5): 2.27M
MA(10): 2.41M
Recent Volume: 715K — Falling activity confirms fading momentum
---
Trend & Support/Resistance
Trend: Short-term bearish, possibly reaching oversold territory
Support Levels:
$0.002240 (24h low, key short-term support)
$0.002200 (round number psychological level)
Resistance Levels:
$0.002291 (MA60)
$0.002312 (minor intraday resistance)
$0.002400+ (next swing zone)
---
Longer-Term Performance
1 Week: -3.29%
1 Month: +3.00%
3 Months: -48.57%
6 Months: -83.72%
1 Year: -91.40%
This massive decline over time shows long-term bearishness, which makes this suitable for short-term speculative trades only—not long-term holding.
---
Trade Setup (Speculative Swing)
Buy Zone (Speculative Entry): $0.00224–0.00226
Stop-Loss: Below $0.00220
Target 1: $0.00230
Target 2: $0.00240
Risk/Reward: ~1:2 if entry is near support
---
Summary
Market Bias: Bearish
Trade Type: Short-term bounce (if support holds)
Caution: Weak fundamentals and historic performance; ideal for scalping only
#memecoin🚀🚀🚀 #Memecoins🤑🤑 #ETHMarketWatch #BinanceHODLerHAEDAL #Write2Earn
