MEW/USDT Retesting Key Zone, Ready for the Next Move?

📊 Technical Analysis:

MEW/USDT on the 2D timeframe shows a compelling structure with a Symmetrical Triangle pattern breakout that occurred in late July 2025. This breakout indicates a potential trend reversal from bearish to bullish.

Currently, the price is performing a retest of the breakout level while sitting within a strong support zone between 0.00280 – 0.00310 USDT (highlighted in yellow). This area previously acted as accumulation and now serves as a key support.

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📈 Bullish Scenario:

Price holds and bounces from the 0.00280 – 0.00310 zone, forming a new higher low.

Potential upside targets include:

0.004091 (minor resistance)

0.007081

0.010009

And extended targets at 0.012096 – 0.012900 if bullish momentum continues.


Bullish confirmation strengthens if price reclaims above 0.004091 with strong volume.

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📉 Bearish Scenario:

If the price fails to hold the 0.00280 support and breaks below the ascending trendline (rising yellow line), then:

It may revisit the next support zone at 0.002300

Possibly retest the historical low at 0.001613


Bearish case invalidated if price pushes back above 0.0040 with a strong bullish candle.

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📐 Pattern & Structure:

Symmetrical Triangle Breakout: Signals a consolidation phase that resolved to the upside.

Breakout Retest: Price is now retesting the breakout level — a crucial phase to validate trend continuation.

Support-Resistance Flip: The yellow zone is key in determining whether bulls maintain control.

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🧠 Summary:

MEW/USDT is currently in a critical retest phase after a bullish breakout from a symmetrical triangle pattern. If support holds, this could be a solid swing opportunity toward higher resistance levels. However, a breakdown below the key support would invalidate the bullish setup and open room for further downside.

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