Will memecoins take off in May after reversing from April's high? Let's have a little Price Prediction on $DOGE, $SHIB, $BABYDOGE, $CATE, $FLOKI, $SAITAMA with CMCAlexandria 👇
A 4-hour above the April low is a good start for the bulls. However, a 4-hour close below the recent support printed and expect the bears to take over.Looking at the 4-hour time frame, we can see the trend remains in favor of the bears. We can see the price range is starting to tighten.
Taking a closer look at our most recent price action, we can see SAITAMA 's recent attempt towards our area of interest.A 4-hour close above the area of interest shown, and expect a retest of the May high. However, a 4-hour close below the recent low and expect a lower low.If you are one of those who skipped to the bottom to save some time, here is a summary of the above:● BABYDOGE no major signs of supportSomething to look out for this week is a retest of May's high.
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