A strong bullish impulse has just emerged for $MEME. The price broke through the short-term moving average and formed a significantly expanded candlestick pattern, indicating a breakout from a prolonged period of consolidation.
**Key Points:**
• **Structure:** Breakout from narrow range → Momentum turns bullish.
• **Resistance Levels:** Approximately 0.00135–0.00140 (next supply zone after the surge).
• **Support Levels:** Approximately 0.00110 (previous bottom), with deeper support around 0.00100.
• **RSI:** Significantly approaching overbought territory, confirming strength but also indicating a risk of short-term pullback.
• **Price Movement:** The subsequent price action is crucial. Holding above the breakout level will maintain the trend, while a pullback could signal a bull trap.
Momentum is clearly biased towards buyers, but blindly chasing the price without a pullback carries significant risk.
Will MEME$MEME be able to hold above the support level and continue rising, or will it fall back to its current range?
#MEME #cryptocurrency