🚀 $BTC {Spot}(BTCUSDT) MEME surged 63.86% in the past 24 hours—far outperforming the market's 3.97% gain! $MEME has been on a tear, surging 63.86% in the past 24 hours, outperforming the broader market. Here are the factors driving this surge: --- 🔥 Key Catalysts Driving the Rise: 1. Altcoin Rotation—A Bullish Catalyst 📉 Bitcoin's dominance fell from 58.75% to 57.64%, triggering a flight to riskier altcoins. 📊 The Altcoin Quarterly Index rose 4.17%, indicating increased risk appetite. 💥 MEME, like other memecoins, often benefits from these shifts – with Ethereum’s dominance rising (+14.24%) and Solana-related assets surging (SOL hit $204 on July 22), capital is likely shifting towards speculative investments like MEME. 2. Technical Breakout – Mixed Signals 📈 RSI (14) reached 82.96, indicating overbought conditions. 📊 MACD histogram expanded to +0.00018688, indicating strong bullish momentum. 🔓 Price breaks through key levels: Break above the 23.6% Fibonacci retracement level at $0.0036 Break above the 7-day moving average at $0.0025 🚨 A daily close above $0.0042 (August 23 high) could push above the 38.2% Fibonacci resistance level at $0.0052. ⚠️ Note: A close below $0.0036 could trigger profit-taking. 3. Liquidity surges – a strong bullish signal 💸 24-hour trading volume surged to $566 million (+296%) 📊 Turnover ratio (volume/market capitalization) reached 2.66, significantly higher than Dogecoin's 0.89 🔥 This surge reflects strong speculative interest and new capital inflows. --- #MEME is riding a wave of momentum thanks to its technical strength, liquidity, and the momentum of the altcoin season. 📌 What's next? Keep an eye on BTC's resistance at $0.0042 and support at $0.0036—the next move could be explosive. #MEME #AltcoinSeason #CryptoNews #Memecoins