Milady Meme Coin (LADYS) breaks key resistance with potential 4.23X gain.
Surge in trading volume supports a breakout, signaling bullish momentum.
Indicators suggest a potential trend reversal, aiming for a target of $0.00000039183.
Milady Meme Coin (LADYS) is making headlines with a breakout from a prolonged falling wedge, a pattern known for signaling potential trend reversals.
https://twitter.com/JavonTM1/status/1854351574383878204
The breakout from this wedge has set a possible bullish trajectory, with technical analysis indicating a target of $0.00000039183, more than quadruple its current value, potentially marking a 333% increase.
Source: Javon Marks
This breakout aligns with a significant increase in trading volume, which may strengthen the momentum needed for LADYS to pursue this ambitious target.
Recent market data reveals that LADYS has been gaining traction, with its price standing at $0.00008153, a 10.11% increase in the past 24 hours. This positive movement has sparked interest among traders, as the coin’s 24-hour trading volume has surged by 45.72%, reaching $6.89 million.
Source: CoinMarketCap
The trading volume-to-market cap ratio of 11.54% suggests sustained interest and highlights the increased trading activity, a common trend in speculative assets such as meme coins.
The recent price movement on the chart shows LADYS breaking above its upper trendline in the falling wedge pattern. Historically, such patterns suggest prolonged downtrends may reverse once the price breaks through the upper resistance, setting the stage for bullish momentum.
With two converging trendlines, the wedge pattern’s configuration depicts a long period of declining prices now met with renewed buying interest.
Technical indicators support this optimistic outlook. The MACD shows signs of convergence, suggesting a gradual increase in bullish momentum.
Source: TradingView
Additionally, the RSI hovers around 54.16, indicating a mildly positive sentiment in the market that has not yet reached overbought levels.
These indicators hint at a gradual shift in sentiment that aligns with the recent price action, providing further support for the potential rally.
Besides the technical breakout, LADYS continues to attract attention for its meme coin status and ample supply, with 888 trillion tokens, 734.37 trillion of which are in circulation.
This interest and speculative trading surge is common for meme coins, which often exhibit high volatility and attract risk-seeking traders and social media hype.
Recent trading activity displayed an initial spike around 4:00 AM on November 7, with LADYS reaching a peak above $0.0000875 before pulling back. Despite this retracement, the price remains above prior levels, suggesting continued bullish sentiment.