Milady meme coin (LADYS) price currently seems to be in the abyss. The coin is currently more than 84% down from its all-time high, and there are still no signs of any recovery. The recent breakdown below a key level has opened doors for more downside for LADYS crypto.
Altcoins have been experiencing increased selling pressure this week due to the weakness shown by BTC price. The meme coins are the hardest hit sector as many early investors are rushing to take profits. Milady meme coin has slid 1.48% in the past 24 hrs.
If you are reading this article, then there is a high probability that you bought this coin near its peak. While you are planning to exit at a better price to at least break even on your initial investment, there’s a catch to this approach.
Firstly, you must keep in mind the price action of meme coins in 2021. Many of those coins never came even close to their all-time high in the past two years. Secondly, there are many whales who are still in profit even at these low prices. Most of them are waiting for enough buyers to unload their holdings.
If you have been reading my previous predictions for LADYS crypto, the current dip must not surprise you. I have repeatedly mentioned in my articles the significance of the $0.00000002800-$0.00000003000 demand zone. This region has finally been broken due to extreme selling pressure.
As a result, Milady meme coin price prediction has become extremely bearish. In the coming weeks, the LADYS may retest the $0.00000001800 level, which is the next major support level on its chart. I hate to be the bearer of bad new, but being a technical analyst, I have to put aside my personal bias. Today’s FOMC meeting might also affect the price action.
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 Jul 26, 2023, 09:16 BST 09:16