Milady (LADYS) meme coin price is currently having a bounce after dropping to fresh lows this week. In my last analysis, I predicted LADYS price to tank after breaking the $0.00000003845 support. That’s exactly what has happened since then. The latest analysis reveals that the coin may have a relief rally if it holds the $0.00000001900 level.
On Wednesday, the Milady meme coin price is trading at $0.00000002355 after falling 4.55%. The BTC price is still struggling to break above the Monday highs, which suggests there could be more downside for the altcoins, which are already down a lot since the start of this week.
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 86.46% 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.
According to Coingecko, the market cap of LADYS token has plummeted to $20 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.
As described in my previous article, LADYS price plummeted after losing the $0.00000003845 support. In fact, the price tanked to its lowest level since May 10, but the buyers stepped in to orchestrate a strong bounce.
Another break below the $0.00000001900 level will be extremely bearish and may send LADYS to new lows. For Milady meme coin price prediction to avoid this bearish outlook, bulls need to reclaim the $0.00000004500 level, which seems to be a tough ask at the moment.
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 Jun 07, 2023, 13:15 BST 13:15