memes will continue Price(MEMES)

【Market Structure】 MEMES_USDT is trading at 0.00172 on the 4-hour timeframe, situated within a 30.1% range below the pivotal pivot point of 0.002461. The price remains above the S2 support level of 0.001901 and is just 9.5% away from it. While the MA and EMA combination signals a buy setup, the price has diverged from the main moving average cluster. The current structure indicates that the price is in a technical rebound phase within the lower end of the range. 【Momentum Status】 The MACD has generated a golden cross signal, aligning with short-term moving average buy signals; however, momentum indicators are showing a divergent pattern. The RSI is in overbought territory but is forming a bearish divergence with the price at its lower levels. Although short-term momentum is concentrated, its sustainability remains questionable. Multiple indicators suggest an increasing need for technical correction, as fast and slow oscillators are beginning to show signs of desynchronization. 【Key Price Levels】 The upper resistance level R1 is located at 0.002783, which is 61.8% above the current price. The central pivot point of 0.002461 serves as a medium-term reference level, lying 43.1% above the current price. On the downside, the S1 support level at 0.002223 is 29.2% below the current price, while the near-term key support level S2 at 0.001901 is only 9.5% away from the current price—making this area a critical defensive zone.

This content is generated by AI based on historical and current market data. It is for informational purposes only and does not constitute any investment advice.