WHAT IS MEME COIN HIGHLIGHTING TODAY?
1. **General trend:**
- The price had a strong increase from October 13 to 16, peaking at nearly $0.016, then falling and is in the correction phase.
- Currently, the price is at $0.01302, showing signs of a slight recovery from the correction bottom.
2. **Trading volume:**
- Trading volume increased sharply when the price spiked but decreased significantly during the correction phase. The current volume is quite low, showing that investor interest has decreased recently.
3. **Support and resistance levels:**
- The nearest support level is around 0.01199 $ (where the price bounced last time).
- The nearest resistance is at 0.01381 $ (local high of some previous candles).
### Short-term investment advice:
- **If you want to buy:** Watch to see if the price can break the resistance level of 0.01381 WETH with increasing trading volume. This could be a sign of a further recovery. If the volume is low and the price falls to the support area of 0.01199$, this could also be a reasonable entry point if the price bounces from there.
- **If you are holding:** Watch to see if the price can sustain above 0.01302$ . If the price fails to break the resistance level and starts to fall again, you can consider taking profit or cutting loss depending on your investment goals.
- **Pay attention to volume:** Volume is an important factor in determining the sustainability of a rally. If the price increases but the volume is not accompanied, the possibility of a strong recovery will be low.