- Memecoin’s price jumped 29% in 24 hours, climbing to highs above $0.0023.
- Daily volume surged 600% as MEME broke out technically.
- Altcoins show upward momentum, and one analyst says MEME’s price could rise as much as 690%.
Memecoin (MEME), the meme token native to the Memeland platform, has surged 29% over the past 24 hours.
This sharp price move occurred alongside a notable spike in trading volume and has pushed MEME into levels that could encourage bulls to extend their control.
While profit-taking remains a possible setback, the uptrend appears largely intact as broader cryptocurrency markets gain traction from institutional interest and evolving regulatory clarity.
The rally in Memecoin is not isolated within the meme token ecosystem.
Other projects such as Pepecoin, DOGS and Pump.fun are also recording meaningful gains amid a broader altcoin recovery.
Dogecoin, Shiba Inu and TRUMP have likewise demonstrated resilience in recent trading sessions.
Volume jumps as MEME token rises 29%
MEME’s price spike follows a technical breakout and a wider shift in sentiment toward meme coins.
After gaining 29% in a single day, the token has reclaimed the roughly $0.0023 level last seen in May.
The rally also represents a roughly 75% recovery from the June low of $0.0012.
Daily trading volume surged approximately 600% to over $170 million, a substantial increase driven by speculative buying around the launch platform.
In recent months, tokens like PUMP and RAY have experienced explosive growth in anticipation of platform launches and token utility rollouts, drawing speculative capital and attention.
Despite the recent gains, MEME remains more than 95% below its all-time high of $0.081 reached in November 2023.
What could happen next for Memecoin’s price?
Crypto analysts point to MEME’s rise being accompanied by the breakdown of a large descending wedge pattern.
A descending wedge is a technical structure that often signals a potential reversal of a downtrend when price breaks higher.
The token is displaying a clear bullish divergence, which indicates growing upward momentum.
Analyst Javon Marks has suggested MEME may be poised for a substantial advance.
This outlook aligns with his earlier observations from July 12, 2025, when he first highlighted the descending wedge breakout.
“MEME (Memecoin) is currently showing SIGNIFICANT STRENGTH, and with prices continuing to break out of a large descending wedge alongside a massive regular bullish divergence, there could be considerably more upside to come!”, said crypto analyst Javon Marks.
Marks and other analysts believe that if bulls maintain control, MEME’s price could climb dramatically.
One projection points to a potential target near $0.018 — a level that would equate to approximately a 690% increase from current prices.
Conversely, if momentum fades, the token could pull back and retest lower support levels. The most likely support areas cited are $0.0016 and $0.0014.
Traders should weigh the upside potential against the inherent volatility of meme tokens and consider risk management strategies, as rapid moves higher can be followed by swift reversals.