Market Overview: Memecoin/Tether (MEMEUSDT) 24-Hour Performance

Summary
• Price surged from $0.000969 to $0.001061, forming a bullish breakout with strong volume support.
• RSI reached overbought levels late in the session, suggesting potential near-term profit-taking.
• Bollinger Bands expanded significantly, reflecting rising volatility and aggressive price action.
• A key resistance level appears at $0.001050, with a critical support near $0.000990.
• Volume spiked during the breakout phase, confirming strength in the upward thrust.

Price and Volume Action

At 12:00 ET on 2026-01-01, Memecoin/Tether (MEMEUSDT) opened at $0.000969, surged to a high of $0.001061, and closed at $0.001021. The 24-hour total volume reached 150,345,738.0, with a notional turnover of $153,458.95.

Structure and Momentum

Price action formed multiple bullish continuation patterns, including a morning star near $0.000990 and a strong engulfing candle as the pair broke out of a consolidation range. MACD crossed above the zero line with increasing histogram bars, confirming a rising momentum. RSI peaked at 75–80 during the late afternoon, indicating short-term overbought conditions and a potential pullback.

Volatility and Key Levels

Bollinger Bands expanded to wide levels in the morning and narrowed during the afternoon, setting the stage for the breakout. The 20-period EMA rose above the 50-period line, forming a golden cross. Critical support appears at $0.000990 (61.8% Fibonacci of the morning dip), while resistance remains at $0.001050 (38.2% of the recent high).

Looking ahead, MEMEUSDT could face profit-taking pressure near $0.001050, especially if volume declines and RSI turns downward. Investors should watch for a pullback test of key support levels. As always, high volatility and rapid shifts in sentiment remain key risks.