$MEME Explodes +63.86% in 24h, Beating Market Gains (+3.97%)
Momentum driven by altcoin rotation, strong technicals, and surging liquidity.
Catalysts Behind the Pump:
Altcoin Season Rotation: Bitcoin dominance slipped to 57.64%, pushing capital into high-risk plays like memecoins.
Technical Setup: RSI at 82.96 (overbought) and MACD expansion confirm bullish strength. Price broke above key Fib/SMA levels.
Liquidity Spike: Trading volume skyrocketed +296% to $566M, showing intense speculative demand.
Deep Dive
1. Altcoin Flow (Bullish)
Bitcoin dominance slid from 58.75% → 57.64% in 24h, while the Altcoin Season Index climbed +4.17%.
As ETH (+14.24% dominance) and Solana tokens rallied (SOL hit $204 on July 22), spillover demand boosted $MEME.
2. Technical Setup (Caution + Bullish)
RSI (82.96) signals overbought, but MACD divergence shows persistent upward momentum.
Price cleared 23.6% Fib ($0.0036) & 7-day SMA ($0.0025). A close above $0.0042 (Aug 23 high) could open the way to 38.2% Fib ($0.0032).
Watch for breakdowns under $0.0036, which may trigger profit-taking.
3. Liquidity Surge (Bullish)
24h volume soared to $566M (+296%).
Turnover ratio hit 2.66 — well above Dogecoin’s 0.89, underlining speculative inflows.
