Memecoin is struggling: Is there any light at the end of the tunnel? 😬📉

Looking at the $MEME chart, it’s clear the bears have dominated for a while now. After hitting its peak earlier this year, MEME has been consistently sliding down, showing lower highs and lower lows. The price is now hovering around the $0.01 level, struggling to break above key resistance near $0.0115. 📉

Volume isn’t showing any significant uptick, which makes a quick reversal less likely in the near term. The 25-day moving average is still below the 99-day, reinforcing the ongoing downtrend. While a slight bounce is possible, we may see further consolidation or even a deeper dip unless some strong buying pressure comes in.

If MEME fails to break the $0.012 mark soon, another pullback to $0.008 is highly possible. 😕 Be cautious, friends—this one’s risky for now.

What do you think? Let me know your thoughts and share with the #MEMEgang! 😎

#Memecoin #CryptoAnalysis #AltcoinAlert #MarketWatch #CryptoCommunity