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The Meme Ai price has plunged 16% in the last 24 hours to trade at $0.001355 as of 4:30 a.m. even as trading volume surged 1,290% to $3.23 million.
The Elon Musk-inspired token has slumped 35% over the past week, but it now appears have hit a bottom.
Meme Ai Price Prognosis
Meme Ai price has seen a strong dip in the middle of the last week, and over the weekend, it made minor attempts at recovery.
The token became oversold in the last 24 hours, as can be seen in its Relative Strength Index (RSI) level, which dropped to 19.43 only around twelve hours earlier. Since then, it has seen an increase to 50, entering the neutral zone.
This, combined with a sharp surge in the token’s daily volume, suggests that traders have moved in to buy the dip, which could potentially launch the token’s back up to the resistance at $0.0020.
The token’s Bollinger bands have also widened considerably with the start of the new week, suggesting that there is rising trader interest. These are both bullish signals that suggest that MEMEAI is about to see a price surge.
As for how far the token could reach — that remains to be seen. It will be based not only on the momentum that MEMEAI manages to build but also on the broader market sentiment. Last week, the token reached the resistance at $0.0025, bouncing between this level and a support at $0.0020.
However, after suffering a price rejection, it broke the support, turning it into a new powerful resistance. Now, it will have to reach it again and then break it in order to have any hopes of reestablishing last week’s high.
Promising Alternative To Meme Ai
So far, Meme Ai has been a big hit in the meme community, but it will soon see competition from one of the most popular upcoming meme-related projects.
The project in question is called Meme Kombat (MK), and its presale has been a massive success.
The $7.6 million milestone has been put to bed!
We keep pushing! $25k giveaway at $8million🥊 pic.twitter.com/muZYlQPg4J
— Meme Kombat (@Meme_Kombat) January 28, 2024
The project attracted the attention of the market thanks to its unique and innovative platform, designed for gaming enthusiasts. It regularly schedules meme battles, and it allows users to bet on the outcome.
Further, users can also stake their MK tokens and start receiving passive rewards in exchange for supporting the project.
The platform was created to reward all users in one way or another and give back to its supportive community.
The $7.6 million milestone has been put to bed!
We keep pushing! $25k giveaway at $8million🥊 pic.twitter.com/muZYlQPg4J
— Meme Kombat (@Meme_Kombat) January 28, 2024
So far, the presale has raised $7.63 million as it closes in on its $8 million target. Tokens are selling for $0.279 and can be obtained in exchange for ETH or USDT.
Visit Meme Kombat here.
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