Milady (LADYS) meme coin price has played out exactly as predicted in my last week’s analysis. In that article, I predicted a retest of the $0.00000003845, which occurred a few days ago. This retest has resulted in a bounce in LADYS price, but the bears are still in control.
On Monday, the Milady meme coin price started the week with a positive price action. Till press time, it was trading at $0.00000004171 after rising 5.99%. Crypto markets opened green on Monday as the BTC price broke above $28,000 once again.
LADYS token hype on social media made many investors buy the coin at its peak valuation. These investors are underwater now and sitting with big unrealized losses as the Coingecko shows that Milady meme coin price is currently trading 75.7% below its all-time high. The latest analysis shows that there is still some chance of a recovery if LADYS price breaks above a key level on its chart.
According to Coingecko, the market cap of LADYS token has plummeted to $37 million from its peak valuation of $150 million. The reason behind this sharp decline is the decrease in investor interest in meme coins. This also lowers the chances of a significant recovery.
As described in my previous articles, LADYS price chart shows a strong bounce from the $0.00000003845 support. In fact, the price plummeted 10% below this support, but the buyers stepped in to orchestrate a strong bounce.
Another break below $0.00000003845 level will be extremely bearish and may send LADYS into a tailspin. For Milady meme coin price prediction to avoid this bearish outlook, bulls need to reclaim the $0.00000008250 level as mentioned on the following chart.
I’ll keep sharing my updated LADYS price analysis and upcoming 100x gems in my free Telegram group, which you are welcome to join.
This post was last modified on May 29, 2023, 08:19 BST 08:19