Latest Memes AI (MemesAI) Price Analysis

Deep Dive

1. Technical context

The price rebounded from a May 25 swing low of $0.00177, testing the 38.2% Fibonacci retracement level ($0.0039). While still below this key resistance, the move coincided with:
- SMA50 support: Price ($0.00294) holds above the 50-day SMA ($0.00250), a bullish signal for swing traders
- RSI divergence: 14-day RSI (43.96) rose from oversold territory (34.03 on 7-day) but remains neutral, reducing overbought risks
- MACD caution: Negative histogram (-0.000161) suggests fading momentum despite price gains

2. Market dynamics

MemesAI benefits from dual narratives:
- Solana meme coin momentum: SOL ecosystem tokens gained 12% in May (CoinMarketCap)
- AI hype cycle: Projects blending AI with memes saw 18% avg. returns last week
The broader crypto market’s 1.16% 24-hour rise and “Greed” sentiment (Fear & Greed Index: 68) created favorable conditions for speculative alts.

Conclusion

MemesAI’s surge reflects technical buying and narrative-driven speculation, though weakening MACD and Fib resistance at $0.0039 warrant caution. Will Solana’s meme coin dominance override bearish divergence signals in the next 48 hours?