The post MEME.AI Price Under Contraction Eyes Breakout Run To $0.20 appeared first on Coinpedia Fintech News
The second week of March was notably bearish for the crypto market, as the leading digital plunged below the $70000 mark. The new correction sentiment took a significant toll on meme coins, including Meme.AI, which showcased an aggressive retracement in a 4-hour price chart.
From its new All time High of $0.04, the Meme.AI price plunged over 83% to form a low of $0.0065.
Source: Tradingview
Amid the recent memecoin Mania, the MEME.AI witnessed a massive inflow, pumping it to a new All-time High of $0.04. However, this rally was short-lived as the over-exhausted buying force and new correction phase in tandem Bitcoin price triggered a massive reversal.
The bearish downturn evaporated over the majority of gains the memecoin buyers accumulated in the last rally and plummeted the price below 78.6% FIB level at $0.009. Such a large degree of retracement usually indicat
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