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Ben Walther
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🚨 Meme Coin Trade Signals – Based on Technical Indicators - 8th December 2024
The meme coin market is heating up. Logically, the majority of today's signals are bullish. However, some Bollinger Band signals suggest that a few tokens may be overheating—though in a bullish market, they could sustain these levels for a while. Let’s dive into the details:
🟢 Bullish VMA Trend Flips Momentum is shifting as these tokens flip bullish on the Volume-Based Moving Average (one of the most reliable indicators): • Billy $BILLY • Gigachad $GIGA • Slerf $SLERF
🟢 PSAR Bullish Flips Parabolic SAR indicates trend shifts — bullish in the case of below tokens. • Axol $AXOL • Fwog $FWOG • Sudeng $HIPPO • Ponke $PONKE
🟢 MACD Bullish Crossovers Momentum continues to build as these tokens cross bullish on the MACD: • Andy $ANDY • Higher $HIGHER • Mumu $MUMU • Popcat $POPCAT • Reddit Dog $r/snoofi
🔴 Bollinger Band Bearish Reversal Alerts Some tokens are showing signs of potential cooling-off after rapid growth: • Aaa Cat $AAA • Axol $AXOL • Giko Cat $GIKO
Key Takeaways 🔵 Bullish Momentum: Memes are seeing increasing signs of bullish momentum, with multiple VMA and MACD signals turning green. 🚨 Overheating Warnings: The bearish Bollinger Band reversals highlight a few tokens potentially hitting their peak in the short term. However, in a bullish market, tokens can sustain these levels for extended periods.
Memes are making moves—what’s your pick from today’s trade signals? Let me know! 👇 🚀
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.