๐ข Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) โ compete for a 70,000 WXTM prize pool!
๐ฏ About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assetsโlike collectibles or in-game itemsโunlock new business opportunities for creators.
๐จ Event Period:
Aug 7, 2025, 09:00 โ Aug 12, 2025, 16:00 (UTC)
๐ How to Participate:
Post original content on Gate Square related to WXTM or its
#MEMEFI#
๐ MEMEFI/USDT Market Analysis โ August 7, 2025
In the past few days, MEMEFI/USDT has experienced sharp volatility, climbing from a low of 0.0012957 USDT to a peak of 0.0065337 USDT, followed by a retracement to the current price of around 0.00326 USDT.
๐ Market Overview From August 5th to 7th, MEMEFI displayed a rapid bullish breakout, reflecting increased volume and market enthusiasm. However, the recent downtrend shows profit-taking and cooling momentum.
๐ Technical Insights
Moving Averages (MA5 & MA10):
The short-term MA5 and MA10 are beginning to curve downward, signaling that buyers may be taking a break after the steep rally. If the price closes below both averages, we may see more downside correction unless strong support holds.
MACD:
A bearish crossover has occurred, indicating weakening momentum. This suggests caution for short-term traders.
RSI (Relative Strength Index):
RSI levels have cooled from overbought territory to around mid-range (~26โ48), showing a potential for stabilization or sideways movement if no strong catalyst emerges.
๐ Whatโs Next? If support holds near 0.0030โ0.0032 USDT, MEMEFI may consolidate before attempting another breakout. If broken, it could test deeper support around 0.0023 USDT. On the flip side, a confirmed bounce above 0.0037 USDT with volume could reignite bullish momentum toward the 0.005โ0.006 USDT range.
โณ Multi-Timeframe View On the 1H chart, the correction looks sharp but not unusual after a strong rally. Looking at the 4H and daily charts, the uptrend remains intact, though weaker. This sets up for a "cool-off then climb" scenario if market sentiment aligns.
๐ง Final Thoughts This price movement reflects a typical pump-and-retrace cycle, common in meme/token ecosystems. It's important to stay informed, not just excited. Monitoring volatility, volume, and broader market conditions will be key to identifying the next move.
๐ See the attached chart for a visual representation of the price movement and moving averages.