Memecoin, the native token of the Memeland ecosystem by 9GAG, has taken traders by surprise with a 63.75% surge in the past 24 hours. This has pushed its price to $0.003949 and market cap to $209.52 million. Talking about business, the daily trading volume shot up 236% to $515.18 million. As traders piled into memecoins following talk of potential 2026 memecoin ETFs. Although MEME isn’t directly tied to the ETF, the hype surrounding speculative tokens is definitely hard to miss.
What’s Driving MEME Higher?
- ETF Speculation: Bloomberg’s Eric Balchunas floated the idea of a 2026 memecoin ETF, citing Dogecoin as a likely first candidate. The buzz has drawn liquidity into high-volume memecoins like MEME, despite no direct ETF link.
- Altcoin Season Boost: Bitcoin dominance slipped to 57.55%, while the Altcoin Season Index jumped 16.28% in 30 days. MEME’s rally coincided with broader altcoin strength, with Solana up 33% and PENGU up 64% in the same window.
MEME Price Analysis
MEME price has rallied from a 24-hour low of $0.002405 to a high of $0.004115, breaking above the 23.6% Fib retracement at $0.0036. The token now trades just below its first key resistance at $0.0045, with the next barrier at $0.0055. On the downside, $0.0031 serves as strong support.
Momentum indicators paint an overheated picture. MEME’s RSI14 hit 74.18, a level that traditionally signals overbought conditions. In memecoins, however, such readings often precede “meme frenzy” phases rather than sharp corrections. Meanwhile, the MACD histogram rose to 0.00018688, its highest since July. Further confirming a strong bullish crossover that aligns with this week’s explosive 104% rally.
A decisive close above $0.0045 could set the stage for a push toward $0.0055. This is while failure to hold above $0.0036 might trigger profit-taking. Traders are clearly chasing momentum, and the ETF narrative is amplifying the rally.
FAQs
Yes, RSI suggests MEME is overbought, but memecoins often stay hot longer than expected.
Key support is at $0.0031, while resistance stands at $0.0045 and $0.0055.
Speculation may continue to fuel short-term gains, though regulatory delays could cool sentiment later.
