Memecoin, the native token of the Memeland Ecosystem with 9Gag, has shocked the merchants over the previous 24 hours with a rise of 63.75%. This has pushed its worth to $ 0.003949 and market capitalization as much as $ 209.52 million. Talking of issues, the each day commerce quantity shot 236% to $ 515.18 million. Whereas merchants piled up in Memecoins after speaking about potential 2026 Memecoin ETFs. Though Meme is just not straight related to the ETF, the hype surrounding speculative tokens is completely troublesome to overlook.
What drives MEME larger?
- ETF -Hypothesis: Bloomberg’s Eric Balchunas drove the thought of a Memecoin ETF from 2026, who known as Dogecoin as a possible first candidate. The Buzz has drawn liquidity in Memecoins with a excessive quantity reminiscent of Meme, regardless of no direct ETF hyperlink.
- Altcoin Season Increase: Bitcoin Dominance fell to 57.55%, whereas the Altcoin Season index rose by 16.28% in 30 days. Meme’s Rally coincided with wider Altcoin energy, with Solana a rise of 33% and Pengu 64% in the identical window.
Meme worth evaluation
MEME worth is realized from a 24-hour low of $ 0.002405 to a excessive level of $ 0.001115 and breaks above 23.6% FIB racement at $ 0.0036. The Token is now performing just under its first key resistance at $ 0.0045, with the following barrier at $ 0.0055. Then again, $ 0.0031 serves as robust help.
Momentum indicators paint an overheated picture. Meme’s RSI14 hit 74.18, a degree that historically indicated overbought circumstances. In Memecoins, nonetheless, such measurements usually precede “meme frenzy” phases as a substitute of sharp corrections. Within the meantime, the MACD histogram rose to 0.00018688, the best since July. Moreover, a powerful bullish crossover that matches the explosive 104% rally of this week.
A decisive closure above $ 0.0045 may decide the stage for a push to $ 0.0055. That is whereas not holding greater than $ 0.0036 may cause a revenue. Merchants clearly hunt energy and the ETF story strengthen the rally.
FAQs
Sure, RSI means that Meme is overbough, however memecoins usually keep scorching for longer than anticipated.
An important help is at $ 0.0031, whereas the resistance is $ 0.0045 and $ 0.0055.
Hypothesis can proceed to feed the revenue within the quick time period, though the delays of the laws can later cool sentiment.
