Memecoins

Is Meme Ai (MEMEAI) Price Gearing Up for a 100X Rally This AltSeason?

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Following growing speculation about the Securities And Exchange Commission’s (SEC) approval of the Ethereum spot ETF, ETH-based tokens have seen a significant increase in their respective value since the start of the week, highlighting a bullish outlook for these altcoins.

Furthermore, Ethereum on-chain memecoins recorded the highest gains with the prices of Pepe, Floki and MEMEAI outperforming other altcoins in the cryptocurrency market.

With the Approval of the Ether Spot ETF, Will Ethereum-Based Memecoins Outperform the Crypto Market During the Next Bullrun?

Meme Ai Price on the verge of a big breakthrough:

Amid a surge in the cross-border market, the MEMEA price recorded a 31.58% jump in its portfolio with a 760% increase in trading volume in the last 24 hours. Furthermore, its intraday returns stand at 28.73%, highlighting growing positive sentiment in the cryptocurrency sector.

TradingView: MEMEAI/USDT

Furthermore, memecoin gained 107.85% in the last day and 26.12% in the last 30 days. With a market capitalization of $4.51 million, the Ai Meme Price has secured 1,366th place in the crypto space by market capitalization.

The Cross 50/200 day EMA shows a high possibility of a Golden Cross in the 1D time frame, suggesting that MEMEAI price will experience significant price action this month.

On the other hand, the RSI continues to trade above the overbought range, highlighting a massive increase in overbuying pressure for this Ethereum-based memecoin in the crypto space.

Will the MEMEAI price increase?

If the market regains momentum, Meme Ai price would undergo a bullish reversal on its chart and prepare to test its $0.007347 resistance level again this week.

Furthermore, if the Securities And Exchange Commission (SEC) rules in favor of the spot ETH ETF, this Ethereum-based memecoin will break above its upper resistance level of $0.008015 and prepare to test the $0.01 mark this month.

However, if this memecoin continues to trade under bearish influence, Meme Ai will prepare to test its $0.006450 support level. Furthermore, if the market undergoes a bearish reversal following the delay in ETF approval, it could lead to the price hitting a low of $0.005650.

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