MEMEFI by OKXA fully completed WXY wave analysis model and the beginning of a local uptrend! As the price moves, I will move the waves
MEMEFIUSDT.P trade ideas
Long Entry Signal for MEMEFI/USDT
Based on the daily chart for MEMEFIUSDT on Bybit, here's a concise analysis:
MLR vs. SMA: The MLR (blue) is above the SMA (pink), indicating a bullish trend.
MLR vs. BB Center: The MLR is above the BB Center Line (orange), suggesting bullish momentum.
PSAR: The PSAR dots (black) are under the price, confirming a bullish trend.
Exception: There is no 200-period SMA available to guide us on the long-term trend, so proceed with caution.
Current Strategy: Since all entry conditions for a long position are met (MLR above SMA, MLR above BB Center, PSAR under price), you might consider entering a long position.
Stop Loss (SL): Set the stop loss at the current level of the PSAR dots to manage risk.
Monitor My Idea: Keep monitoring my idea for any changes in trend or for potential profit-taking opportunities.
Thank you1
Memefi could see a potential increase to 0.015Memefi chart show a bullish pattern and might increase to a price of 0.015, but I would trade lightly considering the fact that it's a memecoin with a little bad publicity.
MemeFi (MEMEFI): Blockchain Gaming Ecosystem and Market PerformaAs of December 14, 2024, MemeFi (MEMEFI) is trading at approximately $0.00763, with a daily range of $0.00714 to $0.00778. The token has a circulating supply of 10 billion MEMEFI, resulting in a market capitalization of $76.68 million. Over the last 7 days, the price has declined by about 17.06%, but it shows significant gains of 154.33% over the past month.
Recent Events:
Community Engagement: MemeFi continues to focus on its play-to-earn gaming model, rewarding users through daily tasks, quests, and community events.
Ecosystem Growth: The platform leverages its integration with the Sui blockchain and partnerships with Mysten Labs to enhance scalability and adoption.
All-Time Performance: The token reached an all-time high of $0.01411 on November 27, 2024, and is currently down 46% from that level. However, it remains 45% above its all-time low of $0.00523, recorded on November 25, 2024.
MemeFi has established itself as a leader in combining blockchain technology with interactive gaming, supported by a robust ecosystem and innovative reward strategies.
Disclaimer: Not Financial Advice, Only for Research Purposes.
$MEMEFI buy and dont sell This token has a lot of growth potential - Spot introduction.
The **MemeFi** token can be considered the first meme coin on the SUI network. This network has tremendous power that hasn’t been fully revealed yet.
For long-term investment, buy and hold some of it. If you received tokens from this project’s airdrop, don’t sell them.
MemeFi: Bridging Gaming, Blockchain, and Growth PotentialMemeFi has rapidly established itself as a pioneering force in the Telegram mini-app space, seamlessly blending the fun of mobile gaming with the power of blockchain technology. With over 55 million users and 10 million on-chain wallets, the platform has transformed from a simple tap-to-earn game into a thriving ecosystem that merges entertainment with decentralized finance (DeFi).
Fundamental Strengths of MemeFi
At its core, MemeFi offers an engaging meme fantasy universe integrated into the Sui network. This strategic integration provides users with an accessible entry point into Web3, making it a standout project in the crypto-gaming space. The recent launch of the MemeFi Ads platform has added a revenue stream, boosting the platform's long-term sustainability and appeal to both users and advertisers.
Market Performance and Potential
Currently trading at approximately $0.01283, MemeFi ($MEMEFI) shows impressive resilience and market interest. Key metrics include:
- Market Cap: $125.7 million
- 24-hour Trading Volume: $569.8 million, reflecting a 14.3% increase
- All-Time High (ATH): $0.01376 (Nov 27, 2024)
- All-Time Low: $0.005246 (Nov 24, 2024)
This rapid rebound, with prices up 101.83% in the past 7 days, signals strong buying momentum and increasing investor confidence.
Technical Analysis
From a technical perspective, $MEMEFI is showing strong signs of bullish momentum. The token recently formed a bullish symmetrical triangle pattern, with a breakout point at the $0.014 pivot level. This zone represents the upper ceiling of the triangle, suggesting a potential surge toward its recent ATH of $0.01411.
Key Indicators:
Currently the RSI is at 60, indicating $MEMEFI still has room for upward movement without entering the overbought zone. Support Levels at $0.0108 provides a buy zone, with strong bullish sentiment above this level.
A confirmed breakout above $0.014 could pave the way for higher gains, potentially revisiting or surpassing its ATH.
Broader Market Influence
The overall bullish sentiment in the crypto market, particularly with Bitcoin ( CRYPTOCAP:BTC ) hovering between $90K and GETTEX:97K , further supports $MEMEFI's potential growth. If Bitcoin maintains its upward trajectory, MemeFi's performance could ride this wave, benefiting from increased capital flow into altcoins and meme tokens.
Conclusion
MemeFi's strong fundamentals, innovative approach, and promising technical setup position it as a compelling investment opportunity. With its expanding ecosystem and bullish market trends, $MEMEFI is not just a game—it’s a significant player in the evolving world of Web3 gaming and decentralized finance.
MEMEFI ... next x10-100 upcoming! 5 reasons to buy MEMEFI right now...
Fundamental Analysis:
Innovative Concept: MemeFi combines meme culture with decentralized finance (DeFi) on the Sui blockchain, offering a unique and engaging gaming experience.
Community Focus:
The game emphasizes social interaction and community involvement, which can drive user engagement and retention.
Token Economy:
MemeFi has a rich token economy that rewards players for their participation, making it attractive for both gamers and investors.
Strategic Blockchain Choice:
By choosing the Sui blockchain, MemeFi benefits from lower transaction fees and faster processing times, enhancing user experience.
Future Growth Potential:
The project has a solid roadmap for future development, indicating potential for long-term growth and increased value.
Buy by spot and keep your risk management.
JB.-
