Trend Reversal Confirmed? MEME/USDT Bulls Take ControlThe MEME/USDT chart is showing a highly compelling technical setup. Here are the key points of the analysis:
1. Breakout from Long-Term Downtrend:
Price has successfully broken above a descending trendline that has been in place since November 2024. This breakout marks a potential end to the prolonged bearish phase and opens the door for a new bullish trend.
2. Strong Accumulation Zone:
A clear accumulation zone is visible between $0.00130 – $0.00160, lasting from May through late June 2025. This zone now serves as a strong support area.
3. Formation of Higher Lows:
After the breakout, price action has begun to form higher lows — a bullish signal indicating that buyers are stepping in.
4. Potential Upside Targets (Key Resistance Levels):
The chart outlines several key resistance levels that may serve as short- to mid-term targets:
$0.001996
$0.002608
$0.003074
$0.003987
$0.004764
$0.007136
$0.010259
$0.017863
$0.018690 (previous high)
5. Bullish Scenario:
If bullish momentum continues with strong volume, price could follow the projected upward zigzag pattern and move through these resistance levels progressively.
6. Risk Management Note:
A breakdown below the accumulation zone ($0.00130) would invalidate the bullish scenario and should be watched closely.
✅ Conclusion:
MEME/USDT is displaying strong reversal signals after breaking out of a long-term downtrend and consolidating in a solid accumulation range. If buyer momentum continues, we could see significant upward moves toward key resistance zones.
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