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Milady memecoin (LADYS) price is at a very critical level after failing to gain any bullish momentum. Things are not looking great for the popular memecoin, which is already trading 82% below its all-time high. If it loses a key support level mentioned below, a new bearish leg might get triggered.
On Tuesday, the BTC price is fondling with the key psychological level of $30,000. Most altcoins are awaiting the next Bitcoin move and are hovering around key support levels. LADYS crypto is down 4.05% today and is retesting a major support level on its chart.
It can be safely said that the memecoin season which began after the launch of the PEPE coin in April, is now in the final stages. While some investors are still showing interest in the newly launched memecoins, older coins like LADYS are yet to catch a bid.
Milady memecoin price appears to have seen its prime. As is the case with most memecoins, the interest seems to have faded out after a few weeks of fame. Many investors who bought the coin close to its all-time high are awaiting recovery. However, a recovery seems to be a far cry from here.
It is quite evident from the following LADYS price chart that the coin is facing strong selling pressure. There seems to be a significant demand around the $0.00000003000 level, which is acting as a support. A break of this support level will make Milady memecoin price prediction extremely bearish.
On its way up, the $0.00000003800 level seems to be the first major resistance level on the chart. If the previously-mentioned support level holds, I expect another retest of the $0.00000003800 level in the coming weeks. However, it will only be possible if the BTC price holds the $30,000 level.
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This post was last modified on Jul 18, 2023, 11:38 BST 11:38