Milady meme coin (LADYS) price prediction is still looking bearish as the coin has failed to reclaim a key level on its chart. While LADYS crypto is still 22% up from its June lows, the bulls seem to have lost momentum after a failed rally at the end of June.
While the PEPE coin is 112% up in the past 2 weeks, LADYS price has failed to show similar strength. This proves that PEPE has emerged as the biggest meme coin of 2023 and has ascended to the ranks of DOGE and SHIB. Nevertheless, the meme coin hype appears to be fading as the BTC price has broken above $31,000.
Why Is LADYS Crypto In A Tailspin?
Both PEPE and LADYS belong to a class of cryptocurrencies known as meme coins. As the name suggests, these coins are inspired by popular internet memes and are created as a joke. These are one of the most volatile cryptocurrencies as they lack any fundamental value.
The price action of these meme coins is solely driven by social media hype. A major reason behind the recent downtrend in Milady meme coin price is its dying hype on Twitter. The coin was the talk of the town in May 2023 but failed to bag any tier 1 exchange listing.
Milady Meme Coin Price Falls Below Critical Level
The following LADYS price chart shows the price action on the decentralized exchange Uniswap V2. It is clearly visible on this chart that the price broke above the $0.000000048 resistance in June 2023 but failed to gain any strength. Consequently, the price fell below the resistance once again and is now trading 32% below this level.
Milady meme coin price prediction will remain bearish until it flips the $0.000000048 level into support. Due to the ongoing rally in PEPE coin, LADYS crypto seems to be lacking the attention of mainstream crypto investors. This may change if it reclaims the $0.000000048 level.
I’ll keep posting my updated PEPE & LADYS price analysis and upcoming 1000x gems on my Twitter, where you are welcome to follow me.
