Nine Memecoins on Base Network Show Significant Weekly Gains
- RUSSELL Leads Gains: RUSSELL surged by 14.1% over the past week, trading at $0.002720, indicating strong performance in the micro-cap range and suggesting renewed market interest in this token.
- Strong BRETT Performance: BRETT, priced at $0.007529, achieved a 13.5% gain, further demonstrating the appeal and liquidity of the Base network for mid-cap memecoins.
- Diverse Upward Movement: DRB ranked third with an 11.7% increase, while DOGINME, PING, and KIBSHI rose by 9.6%, 8.7%, and 6.0% respectively, showcasing a collective strong performance across multiple tokens and indicating overall optimistic market sentiment.
- Improving Market Conditions: The positive returns of nine memecoins within a week reflect a resurgence of interest in the memecoin category, with Coinbase's liquidity and infrastructure facilitating easier trading for these smaller tokens.
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Technical Analysis for MEME
Technical Sentiment Analysis for Memecoin (MEME). As of , Memecoin (MEME) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 4 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 | 0.000244 | 0.000365 | 0.000465 | 0.000586 | 0.000686 | 0.000807 | 0.000907 |
| Fibonacci | 0.000365 | 0.00045 | 0.000502 | 0.000586 | 0.000671 | 0.000723 | 0.000807 |
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