Technical analysis by CryptoNuclear about Symbol MEW: Buy recommendation (8/7/2025)

📊 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. --- 📈 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. --- 📉 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. --- 📐 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. --- 🧠 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. #MEWUSDT #CryptoAnalysis #BreakoutRetest #SymmetricalTriangle #AltcoinSetup #BullishScenario #BearishScenario #TechnicalAnalysis #SwingTrade