MEMEFI jump 200% afta Binance Futures delisting
MEMEFI jaga almost 200% on August 6 afta Binance announce say dem go delist di token perpetual futures contract dem. Di sharp rally no because investors believe again but cos traders dem rush comot dia short position dem. Within 24 hours, MEMEFI trading volume reach pass $209 million, show say meme-coin sector dey very volatile. Even with di spike, di token still more than 80% below e all-time high, wey make people dey doubt if di movement fit last. Analysts dey warn say low liquidity, possible manipulation and developers wey no dey communicate fit make di price quick turn back once di mechanical buying pressure cool down. Traders suppose focus on fundamental analysis and risk management if dem wan take MEMEFI position for dis unpredictable altcoin market.
Bearish
MEMEFI rally wey reach 200% happen because short sellers dem bin forced cover for thin market wey dem dey trade small, no be because investors channel fresh money enter am. When market dey rise sharp sharply because of mechanical pressure like dis, usually e fit drop sharply once tension finish. The token still dey over 80% below e all-time high, plus low liquidity, possible manipulation and no active development dey increase risk say e fit drop. Binance delisting don reduce futures liquidity, make trading channels tighten further. Short-term market movement fit still dey, but main fundamental weakness show say recovery potential no too dey for short or long term, so e support bearish outlook.