MEW at a crossroads According to AMBCrypto’s anal

MEW at a crossroads

According to AMBCrypto’s analysis, MEW saw a strong upswing as investors rushed into the market to take futures positions. 

As a result, the memecoin’s Stochastic RSI 92 is reaching overbought territory. At the same time, Directional Movement Index (DMI) surged to 52, signaling strong upward momentum. 

When momentum indicators rise, it suggests the current trend is strong, and it’s likely to continue. 

That said, for the uptrend to continue, buyers need to reclaim the narrative and displace sellers. In doing so, buying pressure will boost MEW to reclaim $0.004 and target $0.448. 

However, the sell-side risk is more dominant than ever. If profit takers continue at the current pace, downward pressure will intensify, and MEW will drop to $0.0033.