📊 Technical Analysis:
MEW/USDT on the 2D timeframe shows a compelling structure with a Symmetrical Triangle pattern breakout that occurred in late July 2025. This breakout indicates a potential trend reversal from bearish to bullish.
Currently, the price is performing a retest of the breakout level while sitting within a strong support zone between 0.00280 – 0.00310 USDT (highlighted in yellow). This area previously acted as accumulation and now serves as a key support.
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📈 Bullish Scenario:
Price holds and bounces from the 0.00280 – 0.00310 zone, forming a new higher low.
Potential upside targets include:
0.004091 (minor resistance)
0.007081
0.010009
And extended targets at 0.012096 – 0.012900 if bullish momentum continues.
Bullish confirmation strengthens if price reclaims above 0.004091 with strong volume.
---
📉 Bearish Scenario:
If the price fails to hold the 0.00280 support and breaks below the ascending trendline (rising yellow line), then:
It may revisit the next support zone at 0.002300
Possibly retest the historical low at 0.001613
Bearish case invalidated if price pushes back above 0.0040 with a strong bullish candle.
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📐 Pattern & Structure:
Symmetrical Triangle Breakout: Signals a consolidation phase that resolved to the upside.
Breakout Retest: Price is now retesting the breakout level — a crucial phase to validate trend continuation.
Support-Resistance Flip: The yellow zone is key in determining whether bulls maintain control.
---
🧠 Summary:
MEW/USDT is currently in a critical retest phase after a bullish breakout from a symmetrical triangle pattern. If support holds, this could be a solid swing opportunity toward higher resistance levels. However, a breakdown below the key support would invalidate the bullish setup and open room for further downside.
#MEWUSDT #CryptoAnalysis #BreakoutRetest #SymmetricalTriangle #AltcoinSetup #BullishScenario #BearishScenario #TechnicalAnalysis #SwingTrade
MEW/USDT on the 2D timeframe shows a compelling structure with a Symmetrical Triangle pattern breakout that occurred in late July 2025. This breakout indicates a potential trend reversal from bearish to bullish.
Currently, the price is performing a retest of the breakout level while sitting within a strong support zone between 0.00280 – 0.00310 USDT (highlighted in yellow). This area previously acted as accumulation and now serves as a key support.
---
📈 Bullish Scenario:
Price holds and bounces from the 0.00280 – 0.00310 zone, forming a new higher low.
Potential upside targets include:
0.004091 (minor resistance)
0.007081
0.010009
And extended targets at 0.012096 – 0.012900 if bullish momentum continues.
Bullish confirmation strengthens if price reclaims above 0.004091 with strong volume.
---
📉 Bearish Scenario:
If the price fails to hold the 0.00280 support and breaks below the ascending trendline (rising yellow line), then:
It may revisit the next support zone at 0.002300
Possibly retest the historical low at 0.001613
Bearish case invalidated if price pushes back above 0.0040 with a strong bullish candle.
---
📐 Pattern & Structure:
Symmetrical Triangle Breakout: Signals a consolidation phase that resolved to the upside.
Breakout Retest: Price is now retesting the breakout level — a crucial phase to validate trend continuation.
Support-Resistance Flip: The yellow zone is key in determining whether bulls maintain control.
---
🧠 Summary:
MEW/USDT is currently in a critical retest phase after a bullish breakout from a symmetrical triangle pattern. If support holds, this could be a solid swing opportunity toward higher resistance levels. However, a breakdown below the key support would invalidate the bullish setup and open room for further downside.
#MEWUSDT #CryptoAnalysis #BreakoutRetest #SymmetricalTriangle #AltcoinSetup #BullishScenario #BearishScenario #TechnicalAnalysis #SwingTrade
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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.