Why is MemeFi still rising even after Binance delisting?
MemeFi's Recent Rally: MemeFi (MEMEFI) experienced a significant rally, gaining 312% over the past week despite being delisted from Binance futures, driven by a short squeeze and increased trading activity on other platforms.
Market Risks and Future Plans: The token is considered highly risky due to its volatile history and low market depth, with upcoming plans for an app upgrade aimed at reviving user interest in their Web3 gaming project.
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Technical Analysis for MEMEFI
Technical Sentiment Analysis for MemeFi (MEMEFI) As of , MemeFi (MEMEFI) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MEMEFI 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 stock.
Support, Resistance & Moving Averages From a structural perspective, MEMEFI 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 $-.
MemeFi (MEMEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0000602 | 0.000176 | 0.000282 | 0.000398 | 0.000505 | 0.000621 | 0.000727 |
| Fibonacci | 0.000176 | 0.000261 | 0.000314 | 0.000398 | 0.000483 | 0.000536 | 0.000621 |
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