This Meme coin's current market situation is quite interesting. The current price is at $0.248, and technically it is clearly in an overbought state. Although it recently hit a new high, a pullback pressure has followed, which is a typical case of "high places are cold."
Looking upward, $0.30 is a short-term key resistance. To break through, it must be supported by volume; a simple price increase is easily crushed. Looking downward, the $0.20 level must be well protected as a strong support. If it really breaks below, then $0.18 should be prepared at all times.
In the next two days, it is likely to maintain wide-range fluctuations, bouncing back and forth within the $0.20-$0.30 range. The direction should become clear soon. As a high-risk asset like Meme coins, proper mental preparation is essential—set strict stop-losses, control your position size, or you risk being caught in large volatility.
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This Meme coin's current market situation is quite interesting. The current price is at $0.248, and technically it is clearly in an overbought state. Although it recently hit a new high, a pullback pressure has followed, which is a typical case of "high places are cold."
Looking upward, $0.30 is a short-term key resistance. To break through, it must be supported by volume; a simple price increase is easily crushed. Looking downward, the $0.20 level must be well protected as a strong support. If it really breaks below, then $0.18 should be prepared at all times.
In the next two days, it is likely to maintain wide-range fluctuations, bouncing back and forth within the $0.20-$0.30 range. The direction should become clear soon. As a high-risk asset like Meme coins, proper mental preparation is essential—set strict stop-losses, control your position size, or you risk being caught in large volatility.