Memecoin price has increased by 14% in the past 24 hours to $0.05008, and trading volume has surged by 135% to $450 million. Although the coin is actually down 7% on the weekly chart, reaching its all-time high on March 4, it has surged by 110% in the past month.
Regarding the Memecoin price prediction, the technical picture shows signs of an impending correction. The Bollinger Bands for the Memecoin coin have started to narrow, after having been expanding significantly over the past few days. Currently, they are still relatively wide but are starting to close together, which is a bearish sign.
Likewise, the coin’s Relative Strength Index (RSI) value has dropped sharply from 70.63 to 48.80. While this means that it has currently entered a more neutral zone, the drop below 50 also suggests that it may continue to fall. This shows that traders have begun selling and the RSI score is rapidly falling from the overbought to oversold zone.
It is still in the neutral zone at the moment and given the overall bullish market sentiment, traders are likely to start buying the pullback soon. In this case, the price may not see much of a correction and bounce back up soon. Looking at the coin’s chart, the support at 0.050 could be the level that prevents MEME from falling further. Alternatively, if this level breaks, the next strong support would be located at 0.046.
However, if the price rebounds, it will first have to break through the 0.053 resistance level and then climb upwards to 0.055. Only after this, it will be able to reach the all-time high of 0.057 and potentially break through this level.
Smog (SMOG), a dragon-inspired cryptocurrency on the Solana blockchain, has also been gaining attention as a promising alternative to Memecoin. Smog is a token that has been online for more than a month, but it still has huge growth potential. It has gained about 198% in the past week.
The project is currently offering a discount of 10% if you purchase on the official website, but as this offer is about to expire, interested investors should act quickly to get the best price.
Those interested can buy SMOG with ETH or USDT exchange, or directly with a bank card. Once you own it, you can also stake it and continue to receive more staking rewards. Currently, the project offers an annualized rate of return of about 42%.
SMOG is also preparing for what it calls the “largest airdrop in history,” which is a key reason why so many investors are rushing to buy it.
Visit SMOG's pre-sale page.
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SMOG surged with a gain of 94%, while another meme game Fi Gems surged 131% in a month
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