ANSEM Token Surges 41%, Market Cap Exceeds $140 Million
- Market Cap Milestone: The ANSEM token surged 41% in a single day, pushing its market capitalization to over $140 million, indicating strong performance in the crypto market and attracting widespread investor interest.
- Creator's Holdings: Founder Ansem is believed to hold approximately 586.62 million ANSEM tokens, valued at around $73.6 million, representing a significant portion of the total supply, raising concerns about market liquidity and potential price manipulation.
- Social Media Influence: The rapid growth of ANSEM reflects the intersection of social media influence and cryptocurrency markets, where substantial short-term returns can be generated, but high volatility and risks are also present, necessitating caution from investors.
- Market Risk Advisory: The ANSEM case underscores the importance of transparent on-chain analysis for investors engaging with such tokens, as they often lack intrinsic value and are susceptible to rapid price swings driven by market sentiment.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for MEME
Technical Sentiment Analysis for Memecoin (MEME). As of , Memecoin (MEME) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 3 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MEME stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, MEME is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Memecoin (MEME) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000298 | 0.000386 | 0.00049 | 0.000578 | 0.000682 | 0.00077 | 0.000874 |
| Fibonacci | 0.000386 | 0.000459 | 0.000504 | 0.000578 | 0.000651 | 0.000696 | 0.00077 |
About MEME
About the author
