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A meme coin on the BSC chain has recently experienced a significant breakout in trading volume. It surged straight from a low of $0.00009963 to $0.00077664, a 172% increase, and its market cap quickly expanded from $765,000 to $5,765,000. This rally attracted 6,204 addresses to hold the token.
From a technical perspective, the 4-hour K-line shows a typical volume breakout pattern. The price consolidated sideways before rapidly breaking through multiple moving averages with the help of increased volume, with MA5, MA10, and MA30 all being broken in one move. The RSI indicator also surged into the overbought zone above 70. The 24-hour net capital inflow reached $298,000, indicating active participation by funds.
On-chain data shows the liquidity reserve of this token is $178,000. Given the current market cap of $5,765,000, it is relatively healthy within the meme coin ecosystem on BSC. This level of liquidity provides a certain foundation for supporting subsequent price movements.
Such rapid gains often reflect the market's quick response to certain hot topics. Investors participating in these highly volatile assets should pay close attention to liquidity depth and capital stability, rather than just focusing on the price increase and ignoring risks.