Current Market Snapshot
Market Sentiment & Recent Movement
Current price: Around $0.0375–$0.039. For instance, CoinGecko lists it at $0.03966, up +24% over 24 h, with a 7-day gain of +148% .#CoinGecko
Other sources: CoinMarketCap shows $0.03768, down ~5–7% over the last 24 hours, with a market cap of about $34 million . #CoinMartketCap #CryptoRank
Trading activity: Daily volumes range between $66M–$72M, indicating bustling market activity .
---
Technical Analysis: Bullish vs Bearish Indicators
Bullish Signals
A massive 7-day rally of ~+149%, driven by high demand .#CoinGecko #CoinMarketCap
Token burn announcement: ~23.5 million IDOL (2.6% of supply) is scheduled to be burned—creating scarcity and fueling upward expectations .
High user engagement: 78 million tokens locked in a fan-voting event, signaling strong demand .
Overbought momentum: RSI as high as ~86 signals strong bullish energy (but warns of overheating) .
Bearish Signals & Risks
Short-term profit-taking is causing dips despite overall bullish trend .
Uncertainty around token burn timing may cause caution among investors .
Technical resistance around $0.0164 (as per some models) could slow momentum—though this level seems quite lower than current prices (likely outdated) .
---
Overall Assessment: Bearish or Bullish?
The trend appears bullish overall, supported by strong demand, tokenomics, and community activity. However, short-term volatility from profit-taking and uncertain burn execution could lead to temporary dips.
---
Strategy: Targets & Stop-Loss Suggestions
1. Entry Zones: Consider entering on small pullbacks around $0.035–$0.036.
2. Short-Term Targets: Watch for moves toward the all-time high of ~$0.0416, which represents near-term upside .
3. Longer-Term Outlook: Price could potentially approach $0.043–$0.045 if bullish momentum continues, especially post-burn .
4. Stop-Loss Ideas:
Cautious: Below $0.035, to guard against short-term dips.
Conservative: Below $0.033, to limit downside from larger drops.
---
Summary Table
Aspect Details
Trend Bullish overall, with short-term corrections possible
Key Drivers Voting event, token burn, community activity
Technical View Overbought RSI, but positive momentum
Target Price Short-term: ~$0.0416; Medium-term: $0.043–$0.045
Stop-Loss Levels Conservative: <$0.033; Moderate: <$0.035
-
MEET48 (IDOL) is in a strong uptrend with high volatility. The recent web3 events and anticipated token burn are powerful bullish catalysts, but the possibility of short-term pullbacks—especially if the burn is delayed—means caution is wise. If you enter, consider placing a stop-loss around $0.033–$0.035 depending on your risk tolerance, and aim for targets near $0.042–$0.045.
Let me know if you’d like help with more
detailed technical indicators (like moving averages or RSI trends) or a risk-adjusted scenario.
