Technical analysis by aydinbirc about Symbol MEME: Buy recommendation (12/4/2024)

Chart Type: Analysis of MEME/USDT pair on a 15-minute time frame.Fibonacci Levels: Fibonacci retracement levels are applied, highlighting key points such as 0.236, 0.382, 0.5, 0.618, and 0.786.The price is currently hovering around the 0.618 level, a key support or resistance zone.If the price breaks upwards, targets like 1.0 (0.01777), 1.618 (0.01825), and 2.618 (0.01902) could be reached.Channel: The chart shows a rising channel, indicating an upward trend.If the price breaks below the lower boundary of the channel, a downward move might occur.Support and Resistance Levels:Support: 0.01688, 0.01651Resistance: 0.01749, 0.01777Possible Scenarios:If the price surpasses 0.01777, the bullish trend could strengthen further.If the price drops below 0.01688, selling pressure might increase, targeting 0.01630.