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The Meme AI price pumped 156% in the last 24 hours to trade at $0.0059 as of 3.15 a.m. EST on trading volume that skyrocketed over 950% to $6.56 million.
The token’s price has surged by over 500% in the past week as meme coin mania gripped the market with Bitcoin hitting a new all-time high.
Meme AI is trending high on CoinMarketCap and tweeted on X that ”Major things are around the corner!”
Look at this Beautiful CHART #MEMEAICOIN!
In the last 7 days, we are more than 500% UP IN GREEN 📈
MAJOR THINGS ARE AROUND THE CORNER!
WE HAVE ONE OF THE BEST NAMES IN CRYPTO
💥MEME + AI = #MEMEAI 💥#AIMEMECOINS #MEMECOINSEASON #AI #NEXT100XMOONSHOT pic.twitter.com/xlRotdpWQf
— Meme AI (@Memeaicoin) March 7, 2024
Meme AI Price Prognosis
The Meme AI price has seen a massive surge in the last few days, and especially in the last six hours. The coin’s price surge is part of the wider meme coin rally that continued after BTC corrected from its new ATH, only to temporarily stabilize.
So far, MEMEAI’s price has managed to surge to $0.0070, only to correct to $0.0050. Following that, the token surged again, but the resistance at $0.0060 stopped it from going back up. Since then, the token spent several hours trying to breach this level, and for now, it had no success in doing so.
Given that the hype seems to have ended, at least for the time being, many in the trading community expect the technical indicators will tell them what to expect next. For example, Meme AI’s Bollinger bands show a massive widening in the last six hours, but already, there are signs that the bands are once again coming closer together.
This suggests that a price drop might soon be expected, as the token is likely to correct in the next several hours.
Simultaneously, the token’s Relative Strength Index (RSI) also suggests that the price could soon see a deeper drop, as its RSI score ventured deep in the overbought zone in the last few hours. Since then, it has dropped back toward the neutral zone, although it has not yet reached it.
With the Bollinger bands narrowing and the RSI level dropping, both of these suggest the upcoming bearish trend as traders move in to take profit. However, it is very likely that the price will not sink too deep, and that traders will buy the dip once MEMEAI hits a major support. One such support sits at $0.0045.
However, even if traders start buying again at that point, the token still has a very strong resistance at $0.0060 to breach before it can venture further up.
Promising Alternative To Meme AI
While Meme AI certainly attracted the attention of meme coin investors, it is not the only meme coin that the community has been rallying behind lately. In fact, many believe that the upcoming meme coin called Scotty the AI (SCOTTY) could be the next big hit in the market.
Scotty is a meme coin based on a Scottish Terrier, and it combines the popularity of meme coins with the capabilities of AI.
It is an innovative crypto project centered around artificial intelligence, and its team also has a deep understanding of blockchain technology and cryptocurrency.
It already allows users to stake its SCOTTY tokens for an estimated annual return of 57%. Once the presale ends and the claim goes live, users will be able to claim their rewards immediately and withdraw tokens seven days after the claim goes live.
🚨 $SCOTTY # 1 #memecoin W/utility of 2024
🎉 smart investors smashed out Stage 6 days ahead of time😳
🚀stage 7 now live and on the move. Price will increase at stage 8
Stage 1 – 6 closed out very early.
👉BUY $SCOTTY presale at https://t.co/zRmy4g8hfW#blockchains… pic.twitter.com/BojzOcG85a
— Scotty The Ai (@ScottyThe_Ai) February 26, 2024
Scotty has attracted massive attention, with its presale already accumulating almost $3.3 million, and SCOTTY tokens currently selling for only $0.0078.
If you wish to join the presale, you can purchase SCOTTY in exchange for ETH or USDT, or simply buy it with your credit or debit card.
Visit SCOTTY presale here.
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