Date: Wed, Aug 20, 2025 | 05:10 PM GMT
The cryptocurrency market is staging a notable rebound from the recent dip as Ethereum (ETH) reclaims $4,300, marking a 3.5% daily jump. This strength has spilled over into the major memecoins, including Memecoin (MEME).
MEME has entered bullish territory, recording a solid 34% rally in just a single day, and is now flashing a technical setup that closely resembles the breakout structure recently seen in Bio Protocol (BIO).
MEME Mirrors BIO’s Breakout Structure
BIO’s chart offers a valuable reference point. After breaking out of a classic falling wedge pattern—a well-known bullish reversal formation—BIO quickly regained momentum by bouncing off the 100-day moving average. From there, it reclaimed multiple resistance zones and ultimately rallied by nearly 68%.
Now, MEME is starting to carve out the same path.
The token has already broken out of its falling wedge formation and successfully reclaimed its 100-day moving average. This technical move propelled MEME past its first resistance at $0.0026, with the token now trading above it at $0.00275.
What’s Next for MEME?
If this emerging fractal continues to unfold, MEME could extend its rally toward the next resistance at $0.0038. A short-term retest of the first resistance zone would not be unusual before the token attempts a fresh push higher. Beyond that, a move toward the third resistance at $0.0050 remains possible—representing a potential 73% upside from current levels.
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