Meme AI Price Prediction: MEMEAI Pumps 9% As Traders Rush To Buy This Crypto Presale With 100X Potential As Time Runs Out

The Meme AI price jumped 9% in the last 24 hours to trade at $0.001626 as of 4:30 a.m. EST on trading volume that skyrocketed 1,305% to $3.28 million.

On a weekly basis, the token has seen a 24% increase after a few important announcements recently, including the official listing on MEXC, one of the world’s leading digital asset exchanges.

Its latest surge though started on February 9, when Meme AI announced that DeeZzoW, a well-known rapper and model magazine/platform owner — and also a major crypto enthusiast — will “inject the secret sauce.” The idea was to bring new hype to the token, and it seems like it worked, as the MEMEAI price surged.

GM, How is the #MEMEAIARMY doing today?

👾TODAY IS THE BIG DAY 👾@DeeZzoW will inject the secret sauce!
And will push multiple times in the upcoming days.
To bring new hype for the NEW CEX listing!

Are you ready for what's coming 🤔?#MEMEAICOIN #MEMEAI #MEMECOINS pic.twitter.com/dV3UPZmdPR

— Meme AI (@Memeaicoin) February 9, 2024

While the token did encounter a resistance at $0.0017, its price has been fluctuating for days between this level and a support at $0.0014.

Meme AI Price Prognosis

Meme AI price saw massive hype in the past several days, which brought it to a resistance at $0.0017, as mentioned. The token has been rejected by this resistance multiple times, even sinking to a support at $0.0014, only to bounce back up.

Prior to the surge, the token saw another one in early February, between February 3 and 5, when it managed to reach similar levels, only to drop to $0.0013 for the next four days. This suggests that Meme AI price has been stuck between a strong support at $0.0013 and a major resistance at $0.0017-0.0018 for nearly a month now.

However there are some technical indicators that suggest that MEMEAI might have a chance to continue its growth and potentially break free from the limitations imposed by the mentioned two levels. For example, the token’s chart below shows extremely wide Bollinger bands, which is a bullish signal.

The chart also shows the project’s Relative Strength Index (RSI) performance, suggesting that it is currently in the neutral zone at 50.38, after dropping from the overbought zone. The token’s price performance closely mirrors the RSI level, but neither of the two indicators is definitive by itself.

This suggests uncertainty regarding the token’s performance, meaning that further volatility is to be expected. However, judging by the posts on X shared above, the token’s recent performance was caused by fundamental factors, which are likely still strongly influencing the market sentiment, meaning that technical indicators cannot precisely reveal what is going to happen.

Chances are that many will move in to buy the dip now that the price has dropped from its daily high, which will likely push it back up. With that said, the bulls will require a strong push to finally help the price break the resistance at $0.0017-$0.0018 level, but if it happens, the token would have the opportunity to reclaim higher levels — something it was unable to do since mid-January.

Promising Alternatives To Meme Ai

One of the hottest alternatives to Meme AI right now is a project called Sponge V2. As the name suggests, this is a second version of a project called Sponge, which was originally launched in 2023.

At the time, the project saw a massive 100x pump that made a lot of its holders very happy with their decision to buy the token. However, Sponge V1 was discontinued earlier this month.

The team behind it decided to create a new, bigger, and better version, and provide even more people with the opportunity to participate in what will, presumably, be another massive pump. Not only that, but it bridged from V1 to V2, allowing users to stake their existing SPONGE tokens and earn even more SPONGE V2 as rewards.

So far, over $9 million in SPONGE tokens was staked and bridged, suggesting that the token’s holders do support the new version just as they did the original one. Furthermore, you can also buy the new SPONGE V2 directly, with either ETH or USDT.

📣 Attention, #SPONGERS!

Here is some important information to remember about $SPONGE V2!$SPONGE V1 has officially been discontinued, and V2 has been launched on #Polygon! 🔥

Learn more about the token details below 👇https://t.co/TCdxgXx40w

🧵1/3 pic.twitter.com/YZzXOlKmHY

— $SPONGE (@spongeoneth) February 6, 2024

With rumors of an imminent formal launch, time is running out to get in on this project on the ground floor.

So, if you are interested, visit the SPONGE presale and buy here.

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