Milady (LADYS) meme coin price has generated exponential returns for its early investors. However, after experiencing massive hype, the project appears to be losing investor interest. The hype of the LADYS token is dying, as many new meme coins have launched in the past few weeks.
On Monday, the Milady meme coin price had a very bad start to the week as the coin tanked 15% during the first trading session of the week. Till press time, it was trading at $0.00000006044. It underperformed most of the cryptocurrencies today.
Many crypto degens bought LADYS token at its peak as many influences shilled it on social media. These investors are a bit worried now as the Coingecko shows that the coin is currently trading 65% 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.
When Milady meme coin price hit its peak on May 11, its market cap soared above $150 million. This has now reduced to only $52 million. It is still way behind PEPE, which has emerged as the most popular meme coin this year.
Technical analysis of LADYS chart reveals there is very little demand for the coin in the market right now. The most likely scenario appears to be a retest of the $0.00000003845 support in the coming days. To avoid this bearish Milady meme coin price prediction, it needs to break above $0.00000007905 soon.
A break below $0.00000003845 level will be extremely bearish and may send LADYS into a tailspin. Therefore, bulls need to step soon or bears will gain full control. Many users are also expecting a Binance listing, which seems highly unlikely considering the current market conditions.
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 22, 2023, 12:04 BST 12:04