Should You Buy Meme Ai (MEMEAI) Thursday?

Thursday, March 28, 2024 03:14 PM | InvestorsObserver Analysts

Meme Ai receives a strong short-term technical ranking of 74 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. MEMEAI has a superior recent technical analysis than 74% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving Meme Ai a 74 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Meme Ai!

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Trading Analysis

Meme Ai is $0.008754 (1298.99%) above its 30-day low of $0.000673923 while -$0.027453 (-74.44%) below its 30-day high of $0.03688090. In addition, MEMEAI's current price of $0.009428116 is above its 30-day moving average price of $0.009240398, leading to a strong short-term technical score. Overall the recent trading history of Meme Ai suggest that investors are bullish on the token at the moment. MEMEAI has a average market cap compared to the majority of tokens with a total market value of $6,864,080.55. The market valuation for Meme Ai is relatively average due to the largest 100 cryptos having a market cap above $1 billion and MEMEAI sits underneath that mark but remains above $100 million in market capilization. Meme Ai's average volume is average as $35,223,097.63 worth of the token is typically traded over a 24 hour period. The volume for MEMEAI is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the past 24 hours MEMEAI's volume is below its average with $2,589,269.02 exchanged.

Summary

Meme Ai's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the token's short-term movement. Click Here to get the full Report on Meme Ai (MEMEAI).