Lokesh Gupta
18-03-2024
In early March, the crypto market experienced a major bearish trend as the leading digital currency dropped below $70,000.
MEME.AI experienced a surge in interest during the memecoin mania, reaching an all-time high of $0.04 before a rapid reversal.
After experiencing a remarkable 5000% surge, the token has retraced nearly 80% of its gains, setting the stage for its imminent takeoff.
The subsequent bearish downturn erased most gains from the previous rally, dropping the price below the 23.6% Fibonacci level at $0.009.
Meme.AI, a meme coin, faced a sharp decline in a 4-hour price chart amidst the correction sentiment.
MEME.AI surged 55% in the last 24 hours, reclaiming the $0.009 support level and forming an inverted head and shoulders pattern.
On the 4-hour chart, MEMEAI is currently positioned above a descending trendline.
Currently trading at $0.012, MEME.AI is struggling to break the inverted head and shoulders pattern, suggesting a bullish trend.
According to Coingabbar's analysis, A sustained breakout above this pattern could drive MEME.AI's price towards a potential target of $0.02000.
Conversely, if the breakout fails, sellers may gain momentum, potentially pushing the coin's price below $0.003800.
KEY LEVELS :
RESISTANCE LEVEL : $0.030000-$0.050000
SUPPORT LEVEL : $0.007000-$0.002000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Owned by:-
DCG Tech FZCO, UAE
Delivery Partner:-
Gabbar MediaTech Pvt Ltd.
Copyright © 2025 Coin Gabbar. All Rights Reserved.
