$MEME {Spot}(MEMEUSDT) Up 18.6% over the past 24 hours, exceeding its 7-day (+22.8%) and 30-day (+10.4%) gains. This surge is in line with broader cryptocurrency trends (BTC briefly topped $124,000), but also reflects catalysts specific to memecoin. Key Drivers: ETF Speculation – Bloomberg analysts suggest a memecoin ETF could be available by 2026. Technical Breakout – Price broke through key resistance, with the RSI (65.35) signaling bullish momentum. Altcoin Rotation – Bitcoin's dominance fell to 59%, triggering a risk-on shift toward memecoins. In-Depth Analysis 1. Memecoin ETF Hot Spot (Bullish Implications) Overview: Bloomberg ETF analyst Eric Balchunas suggests a US-listed Memecoin ETF could launch by 2026, assuming regulatory approval for active cryptocurrency ETFs is completed by the end of 2025. While this is speculation, it aligns with growing institutional investor interest in meme assets. This implies that the prospect of ETF-driven liquidity is attracting speculative capital to Memecoin and similar products. Memecoin's low correlation with BTC/ETH makes it attractive as a diversifier in risk-averse markets. Key Points: The US Securities and Exchange Commission's (SEC) resolution on the pending cryptocurrency ETF (October 2025) and the Dogecoin ETF application. 2. Technical Breakout (Bullish Implications) Overview: MEME broke above its 7-day moving average ($0.00198) and 30-day moving average ($0.00187), with the MACD histogram turning positive (+0.000033752). The RSI-7 (65.35) suggests further upside before reaching overbought conditions. This means: Short-term traders are taking advantage, targeting Fibonacci extension levels such as $0.00255 (127.2%). However, the 200-day moving average ($0.00351) remains a resistance level. 3. Altcoin Quarterly Dynamics (Mixed Impact) Overview: Bitcoin's dominance fell to 59% from 59.98% last month, while the Altcoin Quarterly Index rose to 41. Although still in "Bitcoin Quarter," the meme narrative is benefiting from a dispersed risk appetite. What this means: MEME's 24-hour trading volume surged to $107.8 million (up 19.27% from the spot market average), but the volume (0.877) suggests liquidity risk. If BTC dominance rebounds, the upward trend could reverse. #MEME