Memecoin Price Prediction: On November 3rd, Memecoin(MEME) made headlines across the crypto community by registering an astonishing 2,500% gain upon its launch on various digital currency exchanges. This staggering ascent propelled its value from an initial $0.001 to an impressive peak of $0.0245, leaving a striking green pillar on the daily price chart. However, the rally hit a roadblock around $0.029, giving way to increased sell-offs and ushering in a phase of price correction as the buyers sought to regain their bullish stride.
Also Read: Bitcoin Price Rally to Start Soon As Fed Interest Rate Cuts Expected By March 24
How Far Correction May Extend?
With sustained selling, the Memecoin price may witness an additional 25% drop.
A bullish breakout from the overhead resistance trendline could give an early signal of uptrend continuation.
The intraday trading volume in Memecoin is $24.9 Billion, indicating a 39% gain.
Source-Tradingview
The Memecoin recovery encountered significant re
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