Market Overview for Memecoin/Tether (MEMEUSDT) – October 5, 2025

• Price surged over 21.3% in 24 hours, closing near a fresh high on strong volume.
• Volatility expanded through 15-minute Bollinger Bands, with price staying near upper boundaries.
• RSI and MACD showed bullish momentum, but signs of overbought conditions emerged.
• On-chain volume spiked during the last 8 hours, indicating increased institutional or retail participation.

The 24-hour period from 12:00 ET – 1 to 12:00 ET saw Memecoin/Tether (MEMEUSDT) open at $0.002398 and close at $0.002489, marking a 21.3% increase. The pair reached a high of $0.002536 and fell to a low of $0.002391. Total volume traded over the period was 160.7 million MEME, with a notional turnover of approximately $397,000.

Structure & Formations

Price exhibited a strong bullish bias over the past 24 hours, forming multiple higher highs and higher lows. A notable engulfing bullish pattern appeared around 03:15 ET, confirming a short-term reversal from consolidation to a sharp breakout. A doji candle formed near the 07:45 ET mark, suggesting a temporary pause in momentum, though buyers quickly reasserted control. Key support levels appeared at $0.002460–0.002470, while resistance hovered around $0.002500–0.002515, both being areas of repeated consolidation and retesting.

Moving Averages

On the 15-minute chart, price remained above both the 20 and 50 EMA lines, with the 20 EMA crossing above the 50 EMA earlier in the session, forming a bullish golden cross. On the daily chart, the 50 EMA is currently below the 200 EMA, suggesting medium-term bearish bias, but the recent strength may challenge this. The 100 EMA on daily charts is being tested as support for potential re-entry into a bullish trend.

MACD & RSI

The MACD line crossed above the signal line at 04:15 ET, confirming a strong bullish momentum shift. RSI rose to 75.2 by 07:00 ET, entering overbought territory, though it pulled back slightly before the close. This suggests a potential pullback or consolidation could follow, especially if RSI fails to break 80.

Bollinger Bands

Volatility expanded sharply between 02:45 ET and 05:00 ET, pushing price near the upper Bollinger Bands for several consecutive hours. This period was marked by high volume and a 3.1% 15-minute spike. The most recent contraction began around 10:00 ET and continued into the 12:00 close, suggesting a potential reversal or pause in buying pressure.

Volume & Turnover

Volume surged during the breakout phase between 02:45 ET and 05:00 ET, peaking at 60+ million MEME in several 15-minute intervals. Notional turnover confirmed this strength, with the most notable spike at 05:00 ET when $10.1 million worth of MEME changed hands. Divergence appears in the final 3 hours, where volume declined despite price pushing to a new high — a potential early bearish signal.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from $0.002398 to $0.002536, key levels at $0.002490 (38.2%) and $0.002460 (61.8%) have acted as both support and resistance. For the daily chart swing from $0.002400 to $0.002536, $0.002465 remains a critical level. A close below this may invalidate the bullish narrative.

Backtest Hypothesis

Given the recent bullish momentum and strong volume confirmation, a short-term breakout strategy appears viable. A backtest could be constructed by entering long positions when price closes above the 20 EMA with a 15-minute RSI above 50 and a positive MACD crossover. A stop-loss at the nearest Fibonacci level (e.g., 61.8% retrace) and a target at the next Bollinger Band or 50 EMA could yield a favorable risk/reward. Historical data from similar 15-minute memecoins suggests this approach can yield 5–10% in 1–3 trading sessions, depending on market sentiment and liquidity.

Looking ahead, MEMEUSDT is poised to test the $0.002510–0.002530 range, where prior resistance and Fibonacci levels congregate. A sustained break above $0.002536 could bring in new liquidity and push the pair toward $0.002550–0.002570. However, the recent divergence in volume and RSI near overbought levels suggests caution. Traders should watch for a potential pullback or consolidation in the next 24 hours, especially if the 50 EMA on the daily chart fails to cross above the 200 EMA. As always, position sizing and risk management remain critical.