Saw a memecoin called “The Bull Is Coming” , the post-pump chart is actually interesting
Came across a BNB Chain memecoin called 牛来, which roughly translates to **“The Bull Is Coming.”**
Yeah, I know. About as subtle as a memecoin gets lol.
Apparently it came from a Chinese animated meme that went viral, and eventually someone turned the narrative into a token.
But the name isn’t actually what made me keep watching it. The price action after the initial hype is more interesting.
It ran from around $0.026 to above $0.045, pulled back, and is now hovering around the $0.04 area instead of immediately giving the whole move back. Volume also seems to be holding up reasonably well.
With small memecoins, I usually expect a move like that to end in either another momentum spike or a brutal round-trip. So far, this seems to be doing neither.
Obviously there’s no fundamental valuation argument here. I’m more interested in the market structure after a move like this.
For those who trade these setups: what would you look for to distinguish consolidation from distribution?
Volume holding up? Higher lows? Order book depth?
Or is trying to read structure on a post-pump memecoin mostly astrology?