$MEME Blasts Off After Four-Day Slump
After four consecutive days of bearish sentiment, $MEME surged over 30% within hours, catching the crypto crowd’s attention. This rally boosted $MEME to the 359th spot by market cap, now sitting around $77.75 million (source: Dexscreener).
Technical Indicators Signal Bullish Momentum
Technical analysis shows $MEME’s RSI has jumped into overbought territory, signaling strong buyer momentum. The Simple Moving Average (SMA) also points to increased trading activity, confirming a spike in market interest today.
Social Media Buzz Fuels the Surge
Today’s sudden $MEME spike was partly triggered by influential crypto personality Gordon (@AltcoinGordon), whose recent tweet ignited excitement across meme tokens. This social media-driven buzz contributed significantly to the coin’s increased trading volume and rapid price jump.
Market Outlook: Resistance and Support Levels
Currently, $MEME is battling to flip resistance at $0.001981 into support. Successfully securing this level could see prices rise toward $0.002264, with further bullish potential to reach $0.002555. But watch out—if it fails here, a retrace to the $0.001690 support is likely.
Conclusion
Today’s move highlights meme coins’ volatility, driven largely by social media influence and technical triggers. Traders should stay cautious and always verify the facts before diving into such risky waters.
