- Memecoin price jumped 29% in 24 hours, reaching highs above $0.0023.
- Daily volume surged 600% as MEME climbed amid a technical breakout.
- Altcoins are bullish, and an analyst says MEME price could rally by 690%.
Memecoin (MEME), a meme token on the Memeland platform, has risen 29% over the past 24 hours.
This sudden price spike, accompanied by a notable surge in trading volume, pushed MEME to levels that could encourage bulls to take further control.
While profit-taking remains a potential downside risk, upward momentum is largely in place as the broader cryptocurrency market benefits from renewed institutional interest and improving regulatory clarity.
The surge in memecoins is not isolated to MEME alone.
Pepecoin, DOGS and Pump.fun are among the tokens posting significant upside amid an overall bullish backdrop for altcoins.
Dogecoin, Shiba Inu and TRUMP have also shown signs of resilience.
Volume rises as MEME token jumps 29%
MEME’s price surge follows a technical breakout and a broader turn in memecoins.
With a 29% gain in 24 hours, the token’s price has returned to the $0.0023 levels last seen in May.
The recent gains also put the token about 75% above the June lows near $0.0012.
Daily trading volume has climbed roughly 600% to over $170 million, notable activity driven in part by speculative buying amid launchpad-related hype.
In recent months, tokens like PUMP and RAY have rallied sharply on expectations and adoption related to launchpad events.
Despite the rebound, MEME remains down more than 95% from its record highs around $0.081 reached in November 2023.
What’s next for Memecoin price?
Crypto analysts point to MEME’s rise as the token breaks out of a large falling wedge pattern.
In technical analysis, a falling wedge breakout often suggests a reversal of a downtrend and the potential for renewed upward momentum.
The token is also showing a regular bullish divergence, which can signal strengthening upside pressure.
Analyst Javon Marks says MEME may be poised for a substantial move higher.
This outlook aligns with Marks’ earlier observations on July 12, 2025, when he identified the falling wedge breakout.
“MEME (Memecoin) is showing BIG STRENGTH right now, and with prices still breaking out of a large falling wedge and coming off a massive regular Bull Divergence, there could be significantly more upside action to come!” noted crypto analyst Javon Marks.
According to the analyst, MEME prices could surge sharply if bulls maintain control.
Targets cited include $0.018, a level that would imply an upside of roughly 690% from current prices.
Conversely, failure to sustain momentum could lead to a pullback and tests of lower support zones, likely around $0.0016 and $0.0014.
As always, traders should weigh the risks and consider appropriate position sizing, as memecoins tend to exhibit high volatility and rapid price swings.