Here is the technical analysis of the daily MEME/USDT chart provided by you:
$MEME
{spot}(MEMEUSDT)
Quick Buy #MEME
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🧾 Current Price: $0.001896
📈 +7.67% (24 Hours)
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🟩 Bullish Signals:
1. Price above MA(7) and MA(25):
MA(7): $0.001846
MA(25): $0.001878
This crossover is a bullish sign – short-term momentum is strengthening.
2. Strong Volume Surge:
Surge in volume signals a revival in buying interest.
Large bullish candlestick signals a breakout attempt.
3. Touching $0.002396 (24 Hour High):
Shows a strong upward swing.
Suggests that buyers are testing the resistance zone.
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🟥 Bearish Risks:
1. Long Upper Shadow (High Pullback):
A sharp pullback from $0.002396 indicates resistance and selling pressure.
If there is no subsequent support, a temporary bull trap may form.
2. 99-Day Moving Average (MA(99)) Resistance Nearby:
99-Day Moving Average (MA(99)): $0.001938 - very close to the current price.
Unless volume breaks through, this resistance level may act as strong resistance.
3. Macro Downtrend Remains:
Despite the recent rebound, MEME is still down 81.80% over the past year.
The medium- to long-term trend remains bearish.
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🔍 Key price level:
Price type Notes
$0.00184 Support level Recent bottom, close to MA(7)
$0.00164 Strong support level Recent pullback low
$0.00194–0.00200 Resistance level MA(99), main breakout area
$0.00240 Strong resistance level Today's candlestick high
$0.00260–0.00280 Breakout target Next bullish target after breakout: $0.0024
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🔄 Summary:
Signal strength judgment
Short-term trend 🔼 Bullish Buy on dips
Resistance test ⚠️ Mixed Waiting for a breakout
Trading volume ✅ Strong momentum is effective
Risk level ⚠️ Medium Use stop-loss
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🧠 Strategy recommendations (not financial advice):
✅ If Holding: Watch for a breakout above $0.0020 on strong volume.
⚠️ Entry Recommendation: Possible entry on a retest around $0.00184-0.00186, with a stop-loss below $0.00164.
🚀 Target Area: $0.0024, with a target of $0.0028 if bullish momentum persists.
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