Following the recent market trend, the XRP price has maintained its hold on an important trendline over the years. This trendline leans bullish, and as long as the cryptocurrency holds above it, the likelihood of a recovery remains high. However, a break below this multi-year trendline could signal doom, with crypto analyst CrypFlow forecasting how low the digital asset could go before eventually finding a bottom.

Bears Threaten XRP’s Multi-Year Trendline

According to crypto analyst CrypFlow, the XRP multi-year trendline that began back in the year 2017 is currently still in play. In fact, with the price trading well above the $1.2 level, it continues to hold up well. So far, this has suggested that bulls still have some strength left, and this trendline has been a beacon.

Related Reading

From here on out, the XRP price would only need to actually complete a breakout to maintain its uptrend. This breakout would not only need to happen, but it would need to do so with momentum. As CrypFlow explains, for momentum to follow, the XRP price needs to do two things.

The first of these is that the XRP price needs to break out of the descending resistance. This descending resistance had begun back in 2025, continuing on into 2026. As long as this resistance remains, the price remains bearish. But a break towards $2 invalidates it.

Next on the list is that the XRP RSI downtrend needs to be broken as well. A breakout above $2 will complete this, ensuring that there is enough momentum for the cryptocurrency to follow. Such a move, the crypto analyst believes, would send the XRP price toward its 2018 highs of $3.8.

However, in the case that the bulls are unable to complete a breakout within moments, then the bears could take control once again. Such a scenario would see the price lose its multi-year trend and eventually fall below $1.

Related Reading: Analyst Says Bitcoin Price Is Showing Dangerous Weakness, Here’s Why

Once this happens, then there is little cushion left for the cryptocurrency. As the price falls, the analyst highlights what they call the ‘discount zone,’ where XRP would be seemingly cheap to buy, and this lies around the $0.6-$0.8 level. Nevertheless, once the decline is over, the price is expected to rebound again.

Featured image from Dall.E, chart from TradingView.com

• Memeinator has entered stage 7 of the presale as demand rises.

• The presale delivers a 132% ROI in 29 stages.

• Memeinator has up to 50x potential in the long term.

As 2023 tip toes toward the finish line, Memeinator (MMTR) is emerging as an invincible meme token contender. Investors have accumulated over $1.724 million up to stage 7, a few weeks after the presale was launched. Investors have made early gains, with the price now at $0.014, from its initial offering value of $0.01. Will the meme vibe and unique proposition make memeinator a 10x or more investment?

Welcome to the Memeinator world

“Your meme’s survival is not up to you. It’s up to me.” It’s a stark warning by one of the most ambitious meme crypto projects of our time. Needless to say, Memeinator has captured the attention of investors yearning for something from the ordinary.

Boosting cutting-edge AI technology and meme-targeting systems, Memeinator seeks to destroy its weak peers. In fact, Memeinator claims to have travelled back in 2077 with a mission to destroy memes with no future. The promise comes amid an uncontrolled growth of meme tokens that fail to give investors value.

Aided by AI, Memeinator will crawl the weak to find and crush memes that are not worthy of attention. The aim is to ensure the strongest survive, enabling investors to put their resources into worthy projects. 

The value proposition of Memeinator has attracted investors, with the quick presale showing it. As such, it could be a matter of time before Memeinator occupies a crucial role and leaves its own mark. But to what benefit?

132% ROI and price potential attract investors to Memeinator

Memeinator has been tantalising in presale, with its value increasing at every stage. Throughout a 29-stage presale, the value of Memeinator will have risen by 132%. When the token is listed on the best exchanges in 2024, early-bird investors will have scooped huge gains.

Memeinator also carries a huge potential post-listing. Very few projects have generated the demand and enthusiasm as Memeinator. The FOMO on a new novel crypto project means that the speculative value of Memeinator is high. Coupled with being a meme project, Memeinator could immediately take off after listing, generating gains. 

Additionally, Memeinator has diverse use cases that could help unlock its value. The team will launch a web 3.0 game at the end of the presale. Users play the game in intense enemy combats mimicking Memeinator’s meme destruction. The game cements Memeinator as a mainstay in Web 3.0, helping in the price discovery of its token. Memeinator is also expected to launch a staking feature and community NFTs. The utilities give its users diverse passive income opportunities.

Will Memeinator rise by 10X or more in the future?

While it is premature to speculate on the future value of Memeinator, there are signs of a big potential. Meme tokens attract a lot of interest because of their parabolic price movements when they are listed. By this analogy, Memeinator is no exception, as it has demonstrated potential in its early days. 

A potential 10x gain is possible since meme tokens have risen by similar margins and more. Over the long term, Memeinator will have a chance to prove its worthy cause. From there, the token could unlock a potential of up to 50x, cementing the status of a worthy meme project. The gains will be crucial to Memeinator attaining its $1 billion market cap target. The token could be among the best meme coins with such market value.

Should you buy Memeinator this week?

Memeinator’s presale is selling out quickly, as stage 6 underlined. The price rises at every stage, implying that an early investment is better. At stage 7, the price is $0.014 and will increase to $0.0148 next. As such, investing before the price rises gives a better return ratio in the presale.

Join our HR team!

Play an essential role in creating and maintaining a positive employee experience from beginning to end.

APPLY below:https://t.co/EZbBLI0ZyH#SwissJobs #HR #BlockchainJobs pic.twitter.com/ndIXhofJEW— Cardano Community (@Cardano) March 20, 2022

(SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user’s social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY does not assume any responsibility or liability for the same.)

The ADA price continues to find a bid below the psychological $2.00 barrier, although Cardano is failing to gain bullish momentum. Furthermore, the Cardano price is running into resistance at increasingly lower levels, indicating the longs may be starting to get restless.

Like most cryptocurrencies, Cardano spent the first half of the summer languishing way below the May highs. However, the crypto market turned broadly higher in the third week of July. Out of the top-ranked cryptocurrencies, the ADA price was one of the better performers in the third quarter. High transactions fees on the Ethereum Network (ETH) caused several of the so-called Ethereum killers to outperform following the July lows. The ADA token surged more than 200% from the 21st of July to the start of September as investors wagered Cardano’s Alonzo upgrade would cement the network as the biggest threat to Ethereum’s crown. However, despite the successful launch, ADA reversed from a $3.16 high and is now doing business 30% lower at $2.11. Despite the sharp correction, more downside could follow unless ADA holds above $2.00.

Cardano Price Forecast

The daily chart shows a descending trendline caps the ADA price at $2.28. The trend is the first significant resistance level, followed by the 50-day moving average at $2.42. Below the market, the 100-day moving average at $2.00 aligns with a series of lows to create robust support. The immediate danger for bulls is a close below the 100 DMA which would likely encourage long liquidation.

If Cardano falls below the 100 DMA on a closing basis, a logical target is the 200 DMA at $1.72. In this event, the 200 DMA must hold the price to avert a much steeper decline, targeting the $1.50 area. For now, the price is conflicted, making an ADA price prediction difficult. However, a clearer picture should emerge in the next few days.

ADA Price Chart (Daily)

For more market insights, follow Elliott on Twitter.