$ME /USDT just delivered a textbook volatility expansion after multiple days of tight consolidation around the $0.13–$0.15 range. On the 1H chart, price reclaimed the short-term moving averages (MA7 and MA25), then decisively broke above the MA99 and horizontal resistance near $0.15–$0.16. That breakout triggered a sharp surge in volume — the largest spike seen in days — confirming aggressive participation rather than a low-liquidity wick. Structurally, this move invalidated the prior lower-high pattern and shifted short-term market structure bullish. The rapid expansion from ~$0.17 to ~$0.25 suggests a liquidity cascade, likely fueled by clustered stop-losses from short sellers positioned above resistance. Once those levels were breached, forced buybacks and momentum entries amplified the upside impulse.
Now the key question is sustainability. The $0.25–$0.26 zone acts as immediate resistance after rejection from the local high near $0.2559, while $0.20–$0.21 becomes the critical breakout retest area. If price consolidates above $0.20 and forms a higher low with stable volume, this could mark the beginning of a broader trend reversal rather than a single spike. However, a loss of $0.20 with declining volume support would increase the probability that this was a short squeeze event followed by distribution. Traders should monitor volume behavior and higher-low formation closely — continuation requires structure, not just momentum.
MEUSDT
Perp
0.1561
+1.03%