Market Overview for Memecoin/Tether (MEMEUSDT): 2025-10-03

• Price surged 21% from 0.002455 to 0.002608 before retracting to 0.002515.
• Strong bullish momentum in early session with a bearish reversal in late ET hours.
• Volume expanded sharply during the rally but declined during the pullback.
• Bollinger Bands showed expansion and contraction phases, reflecting heightened volatility.
• RSI indicated overbought conditions at peak and returned to neutral levels during the pullback.

At 12:00 ET−1 on 2025-10-02, the price of Memecoin/Tether (MEMEUSDT) opened at 0.002455, surged to an intraday high of 0.00262, and fell to a low of 0.002469, closing at 0.002515 at 12:00 ET on 2025-10-03. Total volume was 169542153, and notional turnover amounted to $426,419.75 (volume × average price).

Structure & Formations

The 24-hour price action displayed a strong bullish impulse during the early evening hours, with a sharp rally from 0.002497 to 0.002608 between 19:00 ET and 20:00 ET. This was followed by a bearish reversal, including a bearish engulfing pattern at 0.002608 and a shooting star at 0.002608. Key support levels include 0.002515 and 0.002503, while resistance levels lie at 0.002527 and 0.002543.

Moving Averages

On the 15-minute chart, the 20 EMA and 50 EMA crossed positively during the bullish phase and later diverged as the rally stalled. The 50-period EMA crossed above the 100 and 200-period EMAs during the rally, suggesting a potential short-term bullish bias, though the pullback has since pulled price below the 50 EMA.

MACD & RSI

The MACD reached a peak during the rally and then turned bearish as price declined. RSI hit overbought territory above 65 during the high, then dropped sharply to 45–50, indicating exhaustion of the bullish momentum. This suggests price may consolidate near the 0.002515–0.002527 range before the next directional move.

Bollinger Bands

Bollinger Bands showed significant expansion during the 20:00–20:30 ET period, reflecting increased volatility. Price then moved back into the lower half of the bands, with a potential volatility contraction forming at the end of the day. This may indicate a period of consolidation ahead, with the potential for a breakout once the bands expand again.

Volume & Turnover

Volume spiked during the rally, peaking at 92,708,686 at 20:00 ET, but sharply declined during the pullback. This volume divergence suggests a weakening of the bullish conviction. Notional turnover also peaked during the rally, dropping to $13,240 by the close, indicating a loss of interest in aggressive buying.

Fibonacci Retracements

Applying Fibonacci retracement levels to the key 0.002455–0.002608 move, the price has found support near the 38.2% retracement level (~0.002535) and now trades close to the 61.8% retracement level (~0.002514). If the price continues to fall below this level, the next support could be 0.002497, where a potential rebound may occur.

Backtest Hypothesis

A potential backtest strategy for MEMEUSDT could involve entering a long position when price breaks above the 50 EMA on the 15-minute chart, provided RSI is above 40 and volume is expanding. A short position could be triggered when price closes below the 20 EMA, RSI drops below 60, and volume contracts. Stops could be placed below key Fibonacci support levels, and targets could be set at the next resistance or retracement level. Given the recent volatility and pullback, this strategy could test the strength of the 0.002515 support and 0.002527 resistance over the next 24 hours.