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Memecoin (MEME) has a Very Bullish Sentiment Score, is Rising, and Outperforming the Crypto Market Sunday: What's Next?

Sunday, March 31, 2024 07:47 AM | InvestorsObserver Analysts
Memecoin (MEME) has a Very Bullish Sentiment Score, is Rising, and Outperforming the Crypto Market Sunday: What's Next?

Memecoin (MEME) gets a very bullish rating from InvestorsObserver Sunday. The Art, Collectibles and Non-Fungible Tokens asset is up 5.52% to $0.04047258472 while the broader crypto market is up 0.61%.

Sentiment Score - ,
Memecoin has a Very Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Memecoin!

Very Bullish

Over the last five days, Memecoin has earned a Very Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Memecoin over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Memecoin is currently trading near its five-day high of $0.0409571677446365. The Art, Collectibles and Non-Fungible Tokens asset is 1.18% off its five-day high and is 12.50% higher than its five-day low of $0.0359743684530258.

Memecoin price is currently above resistance. With support set around $0.0370032064288229 and resistance at $0.0395023248761267, Memecoin is potentially in a volatile position if the rally burns out.

Memecoin has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Memecoin

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