Milady (LADYS) meme coin price is once again tanking after a failure to reclaim a key level. The price has fallen more than 19% since yesterday, and things are not looking great for the top meme coin. The latest analysis suggests it may drop more in the coming days.
On Monday, the Milady meme coin price had a massive plunge as the price plummeted by more than 19%. The sudden dump comes at a time when the BTC price is trading above the $26,000 level. The next 48 hrs are very critical for LADYS price, and the future of the coin may depend on it.
What Is Happening To LADYS?
LADYS token appears to have just experienced a pump and dump in the past couple of days. The price surged from $0.00000001900 level to $0.00000010300 before having a very sharp correction. The hype on social media made many investors buy the coin at its peak valuation. These investors are underwater now and sitting with big unrealized losses as the Coingecko shows that the Milady meme coin price is trading 78% below its all-time high.
Due to the tanking price, the market cap of LADYS has also fallen to $33 million from its peak valuation of $150 million. This sharp decline in Milady meme coin price is due to decreased investor interest in meme coins. This also makes a significant recovery a far cry.
Milady Meme Coin May Drop A Lot
The current bounce in the LADYS price appears to be a dead cat bounce. To signal a proper bullish reversal, the price needs to break above the $0.00000005000 level. This level has previously acted as a resistance for the top meme coin and may cause another rejection.
A break above the $0.00000006150 level can make Milady meme coin price prediction bullish once again. The first target for the bulls will be the $0.00000008000 level which is more than 80% above the current price.
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