The MEME/USDT chart is showing a highly compelling technical setup. Here are the key points of the analysis:
1. Breakout from Long-Term Downtrend:
Price has successfully broken above a descending trendline that has been in place since November 2024. This breakout marks a potential end to the prolonged bearish phase and opens the door for a new bullish trend.
2. Strong Accumulation Zone:
A clear accumulation zone is visible between $0.00130 – $0.00160, lasting from May through late June 2025. This zone now serves as a strong support area.
3. Formation of Higher Lows:
After the breakout, price action has begun to form higher lows — a bullish signal indicating that buyers are stepping in.
4. Potential Upside Targets (Key Resistance Levels):
The chart outlines several key resistance levels that may serve as short- to mid-term targets:
$0.001996
$0.002608
$0.003074
$0.003987
$0.004764
$0.007136
$0.010259
$0.017863
$0.018690 (previous high)
5. Bullish Scenario:
If bullish momentum continues with strong volume, price could follow the projected upward zigzag pattern and move through these resistance levels progressively.
6. Risk Management Note:
A breakdown below the accumulation zone ($0.00130) would invalidate the bullish scenario and should be watched closely.
✅ Conclusion:
MEME/USDT is displaying strong reversal signals after breaking out of a long-term downtrend and consolidating in a solid accumulation range. If buyer momentum continues, we could see significant upward moves toward key resistance zones.
#MEME #MEMEUSDT #CryptoBreakout #AltcoinAnalysis #BullishReversal #TrendlineBreakout #CryptoTrading #TechnicalAnalysis #AltcoinSeason #ChartPattern #CryptoSignals
1. Breakout from Long-Term Downtrend:
Price has successfully broken above a descending trendline that has been in place since November 2024. This breakout marks a potential end to the prolonged bearish phase and opens the door for a new bullish trend.
2. Strong Accumulation Zone:
A clear accumulation zone is visible between $0.00130 – $0.00160, lasting from May through late June 2025. This zone now serves as a strong support area.
3. Formation of Higher Lows:
After the breakout, price action has begun to form higher lows — a bullish signal indicating that buyers are stepping in.
4. Potential Upside Targets (Key Resistance Levels):
The chart outlines several key resistance levels that may serve as short- to mid-term targets:
$0.001996
$0.002608
$0.003074
$0.003987
$0.004764
$0.007136
$0.010259
$0.017863
$0.018690 (previous high)
5. Bullish Scenario:
If bullish momentum continues with strong volume, price could follow the projected upward zigzag pattern and move through these resistance levels progressively.
6. Risk Management Note:
A breakdown below the accumulation zone ($0.00130) would invalidate the bullish scenario and should be watched closely.
✅ Conclusion:
MEME/USDT is displaying strong reversal signals after breaking out of a long-term downtrend and consolidating in a solid accumulation range. If buyer momentum continues, we could see significant upward moves toward key resistance zones.
#MEME #MEMEUSDT #CryptoBreakout #AltcoinAnalysis #BullishReversal #TrendlineBreakout #CryptoTrading #TechnicalAnalysis #AltcoinSeason #ChartPattern #CryptoSignals
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✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.