Yes, that's right, it's hard to analyze the price changes of meme coins because they are so volatile and their price and popularity are largely related to their relationships with social media influencers, they are useless and have no real purpose and most of them have been created as a means of making quick profit only so I wouldn't advise anyone to invest in like these hype coins.
Not just memecoin, All cryptocurrency are quite difficult to analyze price changes. Price fluctuations are a big enough obstacle to analyze properly. MemeCoin has no real value and purpose. The memecoin hype is always related to issues circulating from Influencer, like what Elon Musk did to Shiba a while back. Meme Coin tends to be abandoned after a trader makes a profit, after that traders will look for other coins to secure their assets.