Market Overview: Memecoin (MEMEUSDT) – 24-Hour Analysis as of 2025-08-26

• Memecoin opened at $0.003399 and closed at $0.003310, with a high of $0.003650 and a low of $0.003257.
• Price formed multiple bullish and bearish reversals, including a bearish engulfing pattern near the high of $0.003650.
• Volatility expanded in the 13:45–14:45 window, with a sharp drop of -9.4% in 60 minutes.
• RSI indicated overbought conditions near $0.003650 and oversold near $0.003257, suggesting short-term extremes.
• Notional turnover exceeded $2.3 billion, with volume peaking during the high-volatility phase.

Market Overview

Memecoin (MEMEUSDT) opened at $0.003399 (12:00 ET - 1) and traded as high as $0.003650 before closing at $0.003310 by 12:00 ET. The 24-hour low reached $0.003257. Total volume was 3.17 billion USDT, with a notional turnover of $1.09 billion.

Structure & Formations

Price developed a distinct bearish reversal pattern near the session high of $0.003650, where a large bearish engulfing candle appeared at 13:45 ET. This was followed by a swift decline, breaking key support levels. A bullish engulfing pattern formed briefly near $0.003280, offering potential short-term buying interest but failed to generate a strong rebound. A doji appeared near $0.003310 at 12:00 ET, suggesting indecision in the market.

Moving Averages

On the 15-minute chart, the price closed below both the 20-period (EMA 20 ≈ $0.003350) and 50-period (EMA 50 ≈ $0.003375) moving averages, reinforcing bearish momentum. On the daily chart, the 50/100/200-period EMAs were not available for this 24-hour period, but the prior-day structure suggests a retest of the 200SMA at $0.003320 could be pivotal.

MACD & RSI

The 15-minute MACD turned negative and crossed into bearish territory after the high at $0.003650, confirming the downward shift in momentum. The RSI oscillated between overbought (75–80 at $0.003650) and oversold (30–35 at $0.003257), indicating exhaustion in both directions. A potential rebound could see RSI testing the 50 threshold as a pivot.

Bollinger Bands

Volatility expanded significantly during the 13:45–14:00 window as the price gapped below the lower Bollinger Band. Prior to this, the price traded within a narrow band, indicating consolidation. At 12:00 ET, the price sat just above the lower band at $0.003285, suggesting a potential bounce or further support test at $0.003257.

Volume & Turnover

Volume spiked during the 13:45–14:00 window, coinciding with the sharp price drop, with a 15-minute volume of $685 million. However, volume has since decreased, with the 12:00 ET close seeing a volume of $56.8 million. Notional turnover mirrored the volume action, with the largest 15-minute turnover also occurring at 13:45 ET. A divergence appears in the latter half of the session, with price falling despite relatively stable volume, suggesting potential exhaustion.

Fibonacci Retracements

On the 15-minute chart, the drop from $0.003650 to $0.003257 saw the price testing the 61.8% retracement level at $0.003397. A short-lived rebound occurred near $0.003450, aligning with the 50% and 61.8% Fibonacci levels from that range. The daily Fibonacci structure (based on prior swings) also suggests key support at $0.003280 and $0.003257.

In the next 24 hours, Memecoin may test the $0.003257 support and could see a bounce if the 50SMA ($0.003340) holds. A break below $0.003257 could accelerate downward momentum toward $0.003200, while a recovery above $0.003340 may indicate a short-term reversal. Investors should remain cautious as volatility and volume have not yet confirmed a clear direction.