Milady memecoin (LADYS) price is once again making waves after a 34% rebound from the monthly lows. The coin is giving bullish reversal signals, but I need more confirmation to flip bullish. Despite a major bounce, LADYS crypto is still 83.45% down from its all-time high.
On Friday, the BTC price is still fondling at the $26,000 level. The biggest cryptocurrency failed to break above $26,500 this week despite a strong rebound from the $25,300 level. Consequently, most altcoins are experiencing a bearish sentiment. However, Milady memecoin is still up more than 9% today.
When Will LADYS Crypto Recover?
After experiencing a strong bullish sentiment for months, it seems that the memcoins are finally losing traction. Since the successful launch of the PEPE coin, thousands of new memcoins have been launched. These coins have diluted the memecoin market and faded after their initial pumps.
Milady memecoin price is unlikely to recover to new all-time highs as the investor interest in the project has significantly decreased. Unless the team comes up with some new plan to generate more hype, I don’t see it making another all-time high any time soon.
Milady Memecoin Price Gains Strength
In the past few days, LADYS crypto has shown a strong recovery. The daily chart shows that the coin has made a higher high. However, the move doesn’t seem to be supported by a lot of volume, which is a concerning thing. Nevertheless, if the bulls gain momentum from here, the price may target the $0.000000038 level in the coming weeks.
On the higher timeframe, Milady memecoin price prediction remains bearish. The coin seems to be a high-risk investment under the current market conditions. In the short term, bulls may target a $0.000000038 level soon. If you are trading this move, then a good stoploss could be the August low of $0.000000021.
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