Meme season is upon us! CMCAlexandria analyzes the price of some of the most popular memecoins. Let's find out which ones should be in your bag this week!👇 Author: youngcryptowolf Editor: YousraAASheikh DOGE SHIB BABYDOGE CATE FLOKI SAITAMA
Looking at the 4-hour time frame, we can see the short-term trend is in favor of bears. Lower lowers have led us to retest our breakout level for support. A loss of this level could send the token towards the March low.
A 4-hour above 2920 is a good sign indicating that we will revisit our area of interest. However, a 4-hour close below the April low would lead to a sell-off towards the March low.Looking at the 4-hour time frame, we can see that the trend has been in favor of the bears since late March. We have seen lower highs and lowers lows with no major signs of support.
A 4-hour close above 6800 is a good sign indicating that we are going to start a new uptrend soon. However, if there is a close below April’s low, expect another lower low.If you are one of those who skipped to the bottom to save some time, here is a summary of the above:● SHIB: The token continues to respect its price range.● FLOKI: The token is looking for higher lows.Something to look out for this week is a retest of last week's low before continuing to the upside.
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