Trend Reversal Confirmed? MEME/USDT Bulls Take Control

The 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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