MEME/USDT It looks promising movement if success break supply!💎 Paradisers, #MEME is indeed displaying promising movements that warrant close attention.
💎 Currently, MEME is encountering a supply area ranging from 0.0313 to 0.0327. In the previous attempt to break above this supply zone, MEME experienced rejection.
💎 If MEME faces rejection again at this supply zone, there's a potential for the price to test the demand area around 0.026. This retracement to the demand area could serve as an opportunity for MEME to gather momentum for another attempt to break out above the supply area.
💎 However, if MEME manages to break above the supply area without a retracement to the demand zone, it could signal significant upward movement, potentially leading to the attainment of our target area.
💎 On the other hand, if MEME fails to bounce off the demand area and even breaks below it, there's a possibility of further downward movement, revisiting the key support area.
💎 Historical data suggests that MEME has bounced when reaching this zone in the past, and a similar scenario might occur if MEME revisits the key support.
💎 Nevertheless, it's essential to closely monitor MEME's price action and its ability to hold above critical support and resistance levels. A breakdown below the support zone, confirmed by a daily candle close below it, would indicate bearish momentum, potentially leading to further downward movement.
MyCryptoParadise
iFeel the success🌴
