#MEME
Here is a brief and accurate analysis of the currency $MEME
Positive momentum with correction potential.
Driving event: Launch of the meme currency market by Moonit
The new meme market was launched by the Moonit project, a protocol that supports the documentation of internet culture and memes automatically using artificial intelligence, in collaboration with prominent brands such as 9GAG, Memeland, and MoonPay. This event is a strong boost for MEME tokens, enhancing their position as a main asset in the meme category and indicating broader adoption and direct institutional support.
Price Analysis (Classic Technical)
Overall trend: After a correction on July 31 at the level of 0.001710, MEME experienced a strong rebound, breaking the resistance at 0.002000, reaching a peak of 0.002388 on August 1.
Main support: 0.001920 – A level that has been tested multiple times and shows a vital support base.
Secondary support: 0.001710 – The previous low, representing a strategic support area in case of correction.
Near resistance: 0.002036 – A previous peak tested on August 1.
Next resistance: 0.002200 – A potential target if the upward momentum continues.
Current dynamics
- Trading volume has increased significantly over the past few days, especially in the session where the trading volume exceeded 281 million units, indicating a flow of new money.
- The price is moving within an upward corrective pattern, with higher closes supporting the idea of continued momentum.
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