Memecoin Price Prediction for November and December
MEME, the crypto that caught huge attention, is currently experiencing a decent price correction after marking a peak.
Regardless of the prevailing trend, the Memecoin price displays a huge possibility of triggering a fine ascending trend.
The technicals in the short term are bullish, suggesting the price may undergo minor upswings that could be accompanied by certain bearish actions.
The MEME coin price has flipped the descending trend but does not appear to be breaking the bearish influence.
In the short term, the price has soared notably but continues to trade within a rising wedge with expanded resistance and support levels.
Besides, the MACD is about to undergo a bearish crossover, indicating that fresh selling pressure could mount over the crypto.
Moreover, the volume has also dropped, which may hamper the volatility of the token to a large extent.
Therefore, the MEME price, which faced rejection at the interim highs, is believed to maintain a descending trend and reach the lower support at $0.02916 before triggering a rebound to $0.031the correction may not hit the $0.029 price.
Memecoin restarted its trading journey a few days ago with a huge bullish candle but faced extreme bearish action before reaching $0.03. However, the rally rebounded nicely after consolidating for a while and marked a new ATH above $0.04. Since then, the price has been printing significant bearish candles, causing a steep drop in its value.
Now that the price appears to be in the middle of a descending trend, a test of the lower support close to $0.02916 could be imminent. The technicals are also hinting towards a continued bearish trend that may prevail until the beginning of the last week. Therefore, the MEME price is believed to trigger a healthy rebound before the end and close the monthly trade around $0.0305 to $0.031.
$BTC $MEME
