Meme Ai price has dropped by 16% in the past 24 hours and is trading at $0.001355 as of 4:30 a.m. This decline is despite an increase in trading volume of 12,90% to $3.23 million.
The Elon Musk-inspired token has lost 35% in the past week but now appears to have bottomed.
Meme Ai Price Prediction
Meme Ai price saw a significant drop in the middle of last week and attempted to recover slightly over the weekend.
The coin has been oversold over the past 24 hours, as can be seen from its Relative Strength Index (RSI) level, which dropped to 19.43 about 12 hours ago. Since then, it has increased to 50, entering the neutral zone.
This, combined with the sharp increase in the coin’s daily volume, suggests that traders have begun buying the dip, which could push the coin back towards the $0.0020 resistance level.
The coin’s Bollinger Bands have also expanded significantly as the new week begins, which indicates that trader interest is rising. These are bullish signs that MEMEAI is about to see a price increase.
As for how far the coin can reach – that remains to be seen. This will not only be based on the momentum that MEMEAI is able to build, but also on the broader market sentiment. Last week, the coin reached the $0.0025 resistance level, bouncing between that level and the $0.0020 support level.
However, after suffering a price rejection, it broke through the support level, turning it into a new strong resistance level. It will now have to reach and break through this resistance level again to have any hope of reestablishing last week’s high.
Promising alternatives to Meme Ai
Meme Ai has been extremely popular in the meme community so far, but it will soon face competition from one of the most popular upcoming meme-related projects.
This project is
Meme Kombat (MK)
, its pre-sale was a huge success.
The $7.6 million milestone has been reached!
We will keep working on it! $25,000 giveaway at $8 million
pic.twitter.com/muZYlQPg4J
— Meme Kombat (@Meme_Kombat)
January 28, 2024
The project has attracted the attention of the market through its unique and innovative gaming platform. It regularly schedules meme battles and allows users to bet on the outcomes.
Additionally, users can also stake their MK tokens and start earning passive income for supporting the project.
The platform aims to reward all users in some way and give back to its supportive community.
The $7.6 million milestone has been reached!
We will keep working on it! $25,000 giveaway at $8 million
pic.twitter.com/muZYlQPg4J
— Meme Kombat (@Meme_Kombat)
January 28, 2024
So far, the presale has raised $7.63 million, close to its $8 million goal. The tokens are being sold at $0.279 and can be exchanged for ETH or USDT.
Click here to visit Meme Kombat.
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