Retest of the resistance zone?

MEME token struggles to surpass the $0.03238 resistance level, with a potential retest anticipated. Monitoring this critical resistance and the established trendline support will be crucial for predicting future price action.

6/2/20241 min read

MEME token chart showing the price facing resistance at $0.03238 and a trendline providing pivotal s
MEME token chart showing the price facing resistance at $0.03238 and a trendline providing pivotal s

The MEME token is currently facing difficulty in surpassing the $0.03238 resistance level. We anticipate a potential retest of this critical resistance zone. It will be crucial to observe whether the price can decisively break above this level.
Furthermore, the established trendline acts as a pivotal support, underpinning the price action and providing a key area for potential rebounds.