Deep Dive
1. Technical Weakness (Bearish Impact)
Overview: MEMEFI trades below all major moving averages (7-day SMA: $0.00135, 30-day SMA: $0.00149), with RSI-7 at 33.95 indicating persistent selling pressure. The MACD histogram (-0.0000063) confirms bearish momentum.
What this means: The failure to hold $0.00135 – a level that acted as support in early September – triggered algorithmic sell-offs. With no immediate resistance until $0.00124 (September 28 low), downside risks dominate short-term sentiment.
What to watch: A daily close above the 7-day EMA ($0.00137) could signal relief, but sustained moves under $0.00130 may accelerate liquidations.
2. Binance Delisting Aftermath (Bearish Impact)
Overview: Binance delisted MEMEFI perpetual contracts on August 11, 2025, ending leveraged trading and wiping out $36.9M open interest. While spot trading remains available, the removal of derivatives erased a key volatility catalyst.
What this means: MEMEFI’s August pump (+300%) was driven by a short squeeze, not organic demand. Post-delisting, the token lost its primary speculative venue, leaving retail traders to absorb sell pressure without institutional liquidity.
3. Weak Fundamentals (Bearish Impact)
Overview: DappRadar data shows negligible on-chain activity despite claims of 10M wallets. The team’s last major update was a vague “Mini App 2.0” teaser on August 6, 2025, with no roadmap or partnerships disclosed since May.
What this means: MEMEFI’s tap-to-earn model faces saturation, with competitors like Hamster Kombat and Notcoin capturing Telegram’s gaming traffic. Without updates or token utility (e.g., staking, burns), the project risks becoming another abandoned meme experiment.
Conclusion
MEMEFI’s decline reflects a toxic mix of technical breakdowns, post-delisting apathy, and zombie-project fundamentals. While oversold RSI readings hint at a bounce, the absence of catalysts suggests continued underperformance vs. broader crypto markets.
Key watch: Can MEMEFI hold the $0.00124–$0.00125 zone (September 28–29 lows)? A breakdown here could retest the 2025 low of $0.00077.