MemeFi Price Prediction: MEMEFI Soars 21%, But Traders Pivot To This Cat-Themed Meme Coin That’s Soared 2,488% – Altcoin Season Incoming?
The MemeFi price soared 21% in the last 24 hours to trade at $0.01128 as of 02:29 a.m. EST on trading volume that surged 151% to $612 million. MemeFi Price Indicators Indicate A Possible Price Rally After a steep decline, the MemeFi price consolidated in a range (marked as support) around $0.0060, before forming a rounded bottom. MEMEFI then dropped slightly to $0.0102 support, which the bulls seem to be using to rally the asset, according to data from GeckoTerminal . The 50-day Simple Moving Average (SMA) is shown at $0.00831, well below the current price of $0.01128. Interpretation: The price being above the 50-day SMA suggests bullish momentum, with the SMA acting as a potential dynamic support level. Moreover, the Relative Strength Index (RSI) is at 61.27, which is in the neutral-to-bullish zone (below the overbought threshold of 70). This indicates the price has room to move higher before becoming overbought. Momentum is strong, but the RSI should be monitored for potential ov...