Week in Memes: J Powell Pumps, $Trump Dev Dumps Liquidity
Meme Coin Market Updates: The meme coin market has shown slight gains recently, with a market cap increase from $43.74 billion to $44.36 billion, while notable coins like MANEKI experienced significant rallies. However, concerns arose as developers of the TRUMP token removed liquidity from its pool, raising fears of a potential rug pull.
Airdrop Controversy and Trading Activity: The PAWS token airdrop faced backlash due to flawed distribution, prompting a reissue announcement. Meanwhile, PumpSwap, a decentralized exchange for meme coins, processed $2.5 billion in trades, indicating growing activity and interest in the meme coin sector.
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Technical Analysis for PAWS
Technical Sentiment Analysis for PAWS (PAWS) As of , PAWS (PAWS) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for PAWS stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, PAWS is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
PAWS (PAWS) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000527 | 0.0000055 | 0.0000057 | 0.00000592 | 0.00000612 | 0.00000635 | 0.00000655 |
| Fibonacci | 0.0000055 | 0.00000566 | 0.00000576 | 0.00000592 | 0.00000608 | 0.00000618 | 0.00000635 |
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