The MemePad price is trading above $0.00200 and the coin must climb above this level to reclaim the previous resistance at $0.00202 to remain higher.
MEPAD/USD Long-term Trend: Ranging (Daily Chart)
Key levels:
Resistance Levels: $0.0022, $0.0023, $0.0024
Support Levels: $0.0018, $0.0016, $0.0014
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MEPAD/USD is seen improving and moving out of the range to the upside as the market aims to cross above the 9-day and 21-day moving averages. However, the MemePad price is likely to hit the nearest resistance level of $0.00210.
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The MemePad price is attempting to climb higher as the technical indicator Relative Strength Index (14) remains above the 50-level. However, as much as the red line of 9-day MA stays above the green line of 21-day MA, the market price will head to the upside.
On the contrary, if the market begins a downward movement, traders may see a further drop to $0.0018, $0.0016, and critically $0.0014. The resistance levels to watch are $0.0022, $0.0024, and $0.0026 respectively.
MEPAD/USD Medium-Term Trend: Ranging (4H Chart)
According to the 4-hour chart, MemePad’s price is currently trading around $0.00201 as the coin moves below the 9-day moving average after touching the daily high of $0.00202. Meanwhile, we can see that the bullish movement is still very likely in the market as the bears are also trying to bring the price down.
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However, breaking above the moving averages may allow the bulls to hit $0.00215 and above. Meanwhile, the Relative Strength Index (14) is currently moving in the same direction under the 50-level. Any movement below this barrier may lead to the support of $0.00190 and below.
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