Milady (LADYS) meme coin price is having a strong rebound from its June lows. In my last analysis, I discussed the possibility of a bounce from the $0.00000001900 level. That’s exactly what followed, and now LADYS price is trading at $0.00000004481.
On Thursday, the Milady meme coin price had a massive surge which pumped the price by more than 50%. The sudden pump comes at a time when the BTC price is still battling with the $25,000 level. The latest analysis reveals that Milady meme coin price may increase another 80%, if it breaks above a key level.
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 the Milady meme coin price is trading 74.2% below its all-time high. Nevertheless, the investors who bought the coins when LADYS price was much lower are still in profit and are creating strong selling pressure.
Due to the tanking price, the market cap of LADYS has also fell to $38 million from its peak valuation of $150 million. This sharp decline in Milady meme coin price is due to decreased investor interest in meme coins. This also makes a significant recovery a far cry.
The current bounce in the LADYS price may turn out to be a dead cat bounce. To signal a proper bullish reversal, the price needs to break above the $0.00000005000 level. This level has previously acted as a resistance for the top meme coin and may cause another rejection.
A break above the $0.00000005000 level can make Milady meme coin price prediction bullish once again. The first target for the bulls will be the $0.00000008000 level which is 80% above the current price.
In the meantime, you are also welcome to follow me on Twitter to keep track of my personal trades and the next 1000x Gems.
This post was last modified on Jun 16, 2023, 13:38 BST 13:38