The daily chart of $MEME /USDT is lighting up some interesting zones. After a prolonged downtrend from late 2024 into early 2025, MEME appears to be showing early signs of life. Traders and observers alike are watching closely as price hovers near a critical support level.
๐จ Key Area: Strong Support Zone at $0.001816
Zooming into the 1D chart, one area stands outโthe yellow support box, around $0.001816, with a recent low at $0.001376.
๐ This zone has held the line multiple times in April and May, acting as a protective floor where buyers have stepped in. The repeated bounces suggest this could be a potential accumulation zoneโa classic spot where reversal interest builds.
๐ Short-Term Momentum: 15%+ Move on the Radar?
Based on the current zone ($0.0018โ$0.0019), a 15%+ rise would place MEME near $0.00207โ$0.00218, which aligns just below the first notable resistance at $0.002279.
This range is a plausible near-term zone IF the support continues to hold and buying interest picks up. A visual upward arrow on the chart hints at this potential movement.
๐ง Chart Levels to Watch:
๐ธ Support โ $0.001816 (yellow zone)
๐ธ Resistance Levels:
โข $0.002279
โข $0.002617
โข $0.003481
โข $0.004796
โข $0.007150
A strong daily close above the first resistance may open the door for extended upside.
What to Monitor Next:
๐ Support Retest Behavior โ Does $MEME hold the $0.0018 zone again?
๐ Volume Confirmation โ A spike in volume could validate bullish intent.
๐ Breakout Signs โ A daily candle close above $0.002279 would suggest short-term strength.
โ ๏ธ Risk Reminder (Very Important):
This analysis is for educational purposes only. It does not represent investment advice. The crypto market is volatile, and all traders should assess their own risk tolerance and do thorough research.
๐ฟ Final Thoughts:
MEME/USDT is currently in a critical zone that could act as a springboard. While nothing is guaranteed, the chart shows potential for a bounce from this structureโespecially if sentiment improves and volume follows.
If confidence in MEME remains, some may consider closely observing this zone. But remember: patience and proper risk control separate disciplined traders from emotional ones โ๏ธ
