$MEME {spot}(MEMEUSDT) 🚀 Surged +63.86% over the past 24 hours, far outpacing the overall cryptocurrency market's +3.97% gain. 🔥 Key Drivers Behind the Rise Altcoin Rotation: Bitcoin's dominance fell to 57.64%, driving inflows into higher-risk altcoins. Technical Breakout: RSI at 82.96 (overbought), but MACD remains bullish. Price broke through key resistance at $0.0036. Liquidity Surge: 24-hour trading volume surged +296% to $566 million, indicating strong speculative interest. 📊 In-Depth Analysis 1️⃣ Altcoin Rotation (Bullish) Bitcoin's dominance fell from 58.75% to 57.64% over the 24-hour period. The Altcoin Seasonal Index rose 4.17%, indicating increased risk appetite. ETH dominated, reaching 14.24%, and SOL reached $204 (July 22nd), with overflow demand potentially boosting MEME. 2️⃣ Technical Breakout (Mixed) RSI-14 at 82.96 → Signaling overheating. The MACD histogram expanded to +0.00018688, indicating upward pressure. The price broke through the 23.6% Fibonacci retracement level ($0.0036) and the 7-day moving average ($0.0025). A close above $0.0042 (August 23rd high) could trigger the 38.2% Fibonacci retracement level ($0.0052). Risk: A daily close below $0.0036 could trigger profit-taking. 3️⃣ Liquidity and Speculation (Bullish) 24-hour trading volume was $566 million (up 296%). The turnover ratio was 2.66, significantly higher than Dogecoin's 0.89, highlighting the speculative frenzy. #MEME #AltcoinSeason #Cryptocurrency {Spot}(BTCUSDT) $SOL {Spot}(SOLUSDT)