Technical analysis by CryptoAnalystSignal about Symbol MEME: Buy recommendation (4/16/2025)

#MEMEThe price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it.We are seeing a bounce from the lower boundary of the descending channel. This support is at 0.001424.We have a downtrend on the RSI indicator that is about to break and retest, which supports the upward trend.We are looking for stability above the 100 moving average.Entry price: 0.001452First target: 0.001496Second target: 0.001537Third target: 0.001586#MEMEFirst target: 0.001496 ReachedSecond target: 0.001537 ReachedThird target: 0.001586 Reached