Memecoin

Momentum

Gains

<ul class="news-points"> 
 <li>MEME price rebounds by 4.69% after testing crucial support at $0.03582.</li> 
 <li>Despite a drop in trading volume, MEME’s market capitalization rose by over&nbsp; 4%.&nbsp;</li> 
 <li>Indicators hint at strengthening bullish sentiment, but caution is advised as MEME approaches overbought territory.</li> 
</ul> 
In the early hours of the day, bears in the <a href="https://coinedition.com/tag/memecoin-meme/" target="_blank" rel="noreferrer noopener">Memecoin (MEME)</a> market had the upper hand, with the price plummeting to an intra-day low of $0.03582, where it reached a crucial support level. However, as the day progressed, bulls reclaimed control and pushed the price back to $0.043601, indicating a possible shift in market mood. However, resistance was met at this level, causing the price to consolidate and trade within a restricted range.&nbsp; 
On the other hand, Bears seized the opportunity to sell at this resistance level, putting downward pressure on the price. As a result, the MEME price dropped to $0.03899 before finding support and recovered to $0.03988, representing a 4.69% increase from the intra-day low.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/Umyt-Qj1M2xWESXOhKADgL8oVbBlS9zJHRAnr2PTYUqQ_jUe2uzjiVXhlFjb9gihUNjcREA40Tt4Fvc-sipoWWeR-nulDfHkho57iXGa16Ww63Dcs_KcdpWIqqmDl2KjJ1Carwt1fIw63o1_" alt="">
 <figcaption class="wp-element-caption">
 MEME/USD 24-hour price chart (source: <a href="https://coinstats.app/coins/memecoin-2/" target="_blank" rel="nofollow">CoinStats</a>)
 </figcaption>
</figure> 
The market capitalization of MEME increased by 4.91% to $351,581,942, b…
The post <a href="https://coinedition.com/memes-bullish-trend-gains-momentum-as-bearish-pressure-fades/">MEME’s Bullish Trend Gains Momentum as Bearish Pressure Fades</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

MEME’s Bullish Trend Gains Momentum as Bearish Pressure Fades

Coin Edition

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