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

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• Price action showed a sharp 7.5% rebound in the final 6 hours, reversing earlier bearish momentum.• Volume increased 2.3x in the final 4 hours, aligning with price action and indicating strong demand.• RSI crossed above 50, suggesting a shift in momentum to the bullish side, but not yet overbought.• Bollinger Bands expanded, reflecting growing volatility and a breakout attempt from a prior range.• Key resistance now sits at 0.002290, with a 61.8% Fibonacci level at 0.002287 for confirmation.

Memecoin/Tether (MEMEUSDT) opened at 0.002144 on 2025-09-25 12:00 ET, and traded in a range until a reversal began around 03:00 ET. The price surged to a 24-hour high of 0.002350 by 15:15 ET and closed at 0.002303 on 2025-09-26 12:00 ET. Total volume reached 1.36 billion MEME, while turnover amounted to $3.18 million.

The price action on the 15-minute chart reveals a textbook bullish reversal pattern. A sharp breakdown below 0.002150 in the early morning hours was met with a strong bullish response, culminating in a strong engulfing pattern between 03:00 and 06:00 ET. The candle at 05:15 ET (0.002183 → 0.002202) and the subsequent 05:30 ET (0.002202 → 0.002213) candles confirmed a bullish bias. Key support levels include 0.002150, 0.002130, and 0.002110, while resistance levels to watch are 0.002290, 0.002334, and 0.002350.

Support & Resistance

Strong support was confirmed at 0.002150, with a failed breakdown attempt in the 04:30–06:00 ET period. A doji at 05:45 ET (0.002195) highlighted indecision before the reversal. The 61.8% Fibonacci level at 0.002287 aligns with a key psychological resistance. If this level holds, the next major target would be 0.002334.

Moving averages on the 15-minute chart show that the 20-period is now bullish (0.002279), crossing above the 50-period (0.002258). On the daily chart, the 50-period MA at 0.002190 and 100-period MA at 0.002170 both appear to be catching price as support levels.

Momentum & RSI

The RSI crossed above 50 at 05:30 ET and remained in bullish territory until the close, peaking at 64. This suggests strengthening momentum but not yet into overbought levels. MACD turned positive at 03:00 ET and maintained a bullish divergence with a growing histogram.

Volatility & Bollinger Bands

Bollinger Bands were in contraction before 03:00 ET, with price trading in a tight range. After the reversal began, the bands expanded significantly, and the price closed near the upper band at 0.002303. This suggests a breakout attempt is in progress.

Volume & Turnover

Volume surged in the final 4 hours, with the 15:00–15:45 ET period showing the highest notional turnover at $3.18 million. This volume is concentrated in the key bullish candles, indicating strong conviction in the move higher. A divergence in price and turnover is not observed, suggesting the rally is backed by real buying pressure.

Fibonacci Retracements

Applying Fibonacci to the swing low at 0.002150 and high at 0.002213, the 61.8% level at 0.002196 was tested and held. For the larger 0.002150–0.002350 swing, the 61.8% retracement is at 0.002287, a level which will be a key confirmation zone.

Backtest Hypothesis

The backtest strategy described utilizes a combination of RSI crossover above 50 and volume confirmation. Given the current market context, such a strategy would have entered long at 05:30 ET with a stop-loss below 0.002150 and a target at 0.002287. The positive MACD and strong volume suggest this strategy could yield favorable risk-reward, though confirmation is needed at resistance levels.