Milady Memecoin (LADYS) price is finally showing some signs of a recovery. The holders of the memecoin believe that the memecoin is gearing up for a big move. However, it is not that simple in the current market conditions.
LADYS crypto is up 3.71% on Tuesday as the Bitcoin price remains in a downtrend. The positive price action in the top memecoin comes on a day when Bitcoin is trading at $25,700. The low market volume is keeping the short-term traders at bay. The interest in the memecoins is also decreasing as the investors take a risk-off approach.
Can LADYS Crypto Beat PEPE?
Liquidity is drying up in the crypto markets due to a huge sell-off in August. The bullish market sentiment that began after the Greyscale’s court win against SEC seems to have faded as Bitcoin failed to gain strength above $28,000.
The newly launched memecoins are also not doing very well these days, which suggests that interest in memecoins is on a decline. In these market conditions, it is not logical to expect Milady memecoin price to outperform the PEPE coin, which has a very high market capitalization.
Milady Memecoin Price Prediction
A look at the following LADYS crypto chart shows that the price has found strong support around the $0.0000000210 level. After a bounce from this support level, the coin is trading at $0.0000000406 right now. Due to a higher high on the daily chart, bulls may target $0.0000000650 in the coming days.
However, this bullish Milady memecoin price prediction will be invalidated if the price makes a lower low on the daily chart. The risk-to-reward ratio is not favorable to go long on LADYS right now. Therefore, I won’t be trading this coin at the current levels.
In the meantime, you are also welcome to follow me on Twitter, where I post my personal trades and the next 1000x Gems.
