Memecoin Price Prediction: Memecoin (MEME), the cryptocurrency that recently captured the market’s fancy, is currently experiencing a price correction after making a peak of $0.0293. Over the past five days, its value has dropped by 40%, now trading at $0.01785. An analysis of hourly time frame charts suggests this downtrend is shaping a bullish continuation pattern known as a ‘Flag’, which may herald an impending resurgence for MEME.
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Will MEME Price Reclaim $0.03 Mark?
The formation of the flag pattern prepares Memecoin for the next recovery leap.
The correction trend breakdown below the 50% retracement level would reflect weakness in bullish momentum.
The intraday trading volume in Memecoin is $168.5 Billion, indicating an 8% gain.
Source-Tradingview
Amid the correction phase, the MEME price trajectory has adhered to a flag pattern, with the coin bouncing off the upper and lower trendlines thr
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