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$MEMEFI Pullback After Hype Surge
MemeFi plunged 21.5% in the past 24h but still sits 118% higher weekly after last week’s hype-driven rally. The drop follows:
1⃣ Binance Delisting Fallout – Futures closure ahead of August 11 triggered profit-taking and unwinding of leveraged bets.
2⃣ Overheated Technicals – RSI near 94 flagged correction risk, with support now at $0.0028.
3⃣ Weak Fundamentals – Low user activity and delayed updates undermine long-term confidence.
Bottom line: Without futures liquidity and organic demand, #MEMEFI faces a tough test holding support once Binance delists contracts.
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