Can memecoins be traded and analyzed?
Yeah.
Beyond the typical punctual meme of “fashion” or wildly shrilled like Pambi or any other, which, for the most part, are currencies that have a strong pump and then dump well due to lack of liquidity or simply because no one is interested in them again. , there are some narratives that Yes.
In the last and most important we have the countryFi that are nothing more than projects, meme, but with a background and some work by the developers in creating a real and organic community with an objective, whether it is expanding an idea or a “cult”, etc. .
In this case, I analyzed trading zones in $ARG and today you can see how it meets the marked values.
Here is a graph with the tested areas and important points:
Resistances, supports and accumulation zones that in turn respond to “fundamentals” or posts from relevant people.
Both this and others like USA, Trump, and some more established ones like PEPE always have psychological support points that result in the individual thinking as a collective and making these “imaginary” lines real points of interest, hence it works.
