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- 1 LADYS token price signifies a retracement move and is taking support on the 20-day EMA.
- 2 Milady meme coin delivered low volume buying activity and witnessed consolidation.
The LADYS token (Milady Meme coin) delivers a retracement move and has retested the 20-day EMA mark. Moreover, the price action revealing the selling pressure and the token is ready for a breakdown ahead. The trend is neutral and the token has delivered fresh lower low structure on the charts. However, the token has slipped to the trendline support zone of $0.000000250 and is waiting for a rebound.
At press time, the Milady Meme coin (LADYS) price was trading at $0.000000251 with an intraday drop of 7.80%, reflecting neutrality on the charts. It has a monthly return ratio of 188.90% and 198.80% on a yearly basis. The pair of LADYS/BTC is at 0.00000000000359 BTC, and the market cap is $223.45 Million. Analysts are neutral and suggest that LADYS price will continue to retrace gains and may retest the 100-day EMA mark soon.
LADYS Price To Volume Profile Signifies Selling Pressure
Following the price decline, profit booking was delivered and trading volume also witnessed a decline this week. The intraday trading volume dragged over 23.66% to $14.66 Million. However, the trend is neutral and only retracement toward the 100 day EMA may happen soon, any sharp selloff is not anticipated.
The Relative Strength Index (RSI) curve slipped below the midline and is forming a negative crossover reflecting selling pressure on the charts. Moreover, the MACD indicator shows a bearish crossover and suggests underperformance for the next sessions.
Price Volatility and Sentiment Analysis
Per the Santiment data, the price volatility graph witnessed a sharp drop over 350% to 0.013, reflected low investor interest. However, lower the volatile price action, indicates low fear among the investor of missing out, which suggests a consolidation in price action, other than any harsh selloff for the following sessions.
Social Dominance and X Followers Outlook
The above data showcased a steep decline in social dominance and X followers. Social dominance value dropped over 110% to 0.013% signifies a decline in the investor activity on the social media platforms. Similarly, the X followers data noted a sharp drop of over 590% to 81. However, the total amount of holders remained consistent and the value reached 21.1k.
What Does Network Growth and Active Addresses Highlight?
The data indicates a negative stance, the network growth of the token dropped over 454% to 38, whereas the active addresses dragged to 2648, noted a drop over 17%.
Per the Fib retracement levels, the Milady Meme coin (LADYS token) price has slipped below the 38.2% zone and may retest the 23.6% zone soon. Moreover, the technicals are suggesting a possible setback ahead.
Summary
The Milady Meme coin (LADYS) price showcased retracement moves and the token is taking support on the 20 day EMA mark. Moreover, the technicals are suggesting a correction ahead and the token may retest the 100 day EMA mark soon.
Technical Levels
Support Levels: $0.000000200 and $0.000000180
Resistance Levels: $0.000000320 and $0.000000380
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
