Market Overview for Memecoin (MEMEUSDT) – August 25, 2025

• Memecoin traded in a 24-hour range of $0.003367–$0.004071, closing 5.3% lower than its 24-hour high.
• A large-volume bearish engulfing pattern formed at the peak near $0.004037, signaling potential exhaustion in the rally.
• Volatility expanded mid-day, with price dropping over 16% in under 5 hours amid heavy turnover.
• RSI and MACD both showed bearish divergence in late trading, hinting at potential for further downside.
• Price is now consolidating near 38.2% Fibonacci support of the day’s high-to-low move, with key support at $0.003444.

Price and Volume Context

At 12:00 ET on August 24, Memecoin (MEMEUSDT) opened at $0.003898 and reached an intraday high of $0.004071 before closing at $0.003610 at 12:00 ET on August 25. Total traded volume for the 24-hour window was 7.738 billion MEME, and notional turnover was $318.5 million, suggesting moderate activity despite a sharp price drop.

Structure & Formations

Key resistance emerged at $0.004037, where a bearish engulfing pattern formed following heavy volume and a failed attempt to break above. Price later found support near $0.003444 (38.2% Fib of the intraday high-low move). A doji formed near $0.003608 in the final 15-minute candle, suggesting short-term indecision. On daily timeframes, a broader bearish trend remains intact, with 50-day and 200-day moving averages both below current levels.

Moving Averages and MACD

The 20-period and 50-period moving averages on the 15-minute chart crossed bearishly in the early afternoon, confirming the downward drift. MACD turned negative and showed a bearish divergence with price in the final 3 hours, signaling potential for continued selling pressure. The 50-period daily moving average is at $0.003924, suggesting a stronger reversal may need a break above that level before bulls can re-engage.

RSI and Momentum

RSI entered oversold territory (<30) around 09:15–10:30 ET, though price failed to find meaningful support. A rapid drop in RSI during the intraday selloff indicates strong bearish momentum. There was no sign of a short-covering rally or bullish reversal despite the oversold reading, which could mean further downside is possible if bearish sentiment persists.

Bollinger Bands and Volatility

Volatility expanded significantly between 03:00 and 06:00 ET, with a sharp selloff driving price more than 2 standard deviations below the 20-period Bollinger Band midpoint. The bands themselves widened during this time, reflecting increased uncertainty. Price has since retracted slightly but remains within the lower half of the band, suggesting continued bearish pressure.

Volume and Turnover Divergence

Volume spiked sharply during the selloff (particularly in the candle at 03:45 ET, with $0.00385–$0.003779 and turnover of $77.3M), but the following candles showed lower volume despite continued price weakness, hinting at possible divergence. This could suggest a short-term bottom is near, but confirmation would require both a rebound in price and a rise in volume.

Forward-Looking View and Risk

Over the next 24 hours, Memecoin could test the $0.003444 support level with a risk of breaking below $0.0034. A close above $0.003650 would suggest a potential rebound, though bearish momentum indicators remain in play. Investors should closely monitor volume and order flow for signs of stabilization or continuation of the selloff.