Big opinion: Be cautious #MEME (from Coinsradar.net)
đ Currently, MEME is encountering a supply zone of 0.0313 to 0.0327. In previous attempts to break out of this supply zone, MEME was rebuffed.
đ If MEME gets rejected again in this supply zone, the price could test the demand zone around 0.026. A pullback into the demand zone could provide MEME with momentum to make another attempt to break out of the supply zone.
đ However, if MEME breaks out of the supply zone without retracing back into the demand zone, this could signal a significant upward move that could lead to our target zone.
đ On the other hand, if MEME fails to rebound from the demand zone and even falls below this zone, there is a possibility of further declines to retest the key support zone.
đ Historical data shows that MEME has rallied when reaching this area, and a similar scenario could occur if MEME retests key support.
đ Nonetheless, it is crucial to closely monitor MEMEâs price action and its performance on key support and resistance levels. If a daily close below the support zone is confirmed, this would indicate bearish momentum that could lead to further losses.
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