The recent Meme coin market can be described as "a tale of two extremes." From the plunge on the day of spot listing to the subsequent rapid surge, community sentiment has been swinging like a roller coaster. Many are attracted by the gains, only to be slapped in the face when prices fall back. Some cheer, "Making money is as easy as breathing," while others regret, "Why didn't I get in earlier"—this is the magic of Meme coins.

But you need to see the truth behind it clearly. Both bulls and bears are desperately smashing and pushing the price with high leverage, causing huge fluctuations in funding rates, which raises serious questions about market stability. The technical indicators are also warning signals: the price is seriously overbought, with K-lines far from moving averages, all typical signs of a potential correction.

The key issue is that these small-cap coins have very poor liquidity. Once the bulls run out of steam and profit-taking hits, the price could plummet in an instant. In the short term, the market may continue to rally or oscillate, but the risks are now evident.

From a technical perspective, the current price is around 0.2693 USDT. Support levels are at 0.2489 (about 8.23% below) and in the 0.1678-0.1691 range. Resistance above is at 0.2966 (about 9.36% above). This level is already quite dangerous, and investors must be prepared for sharp pullbacks at any time. Don't be blinded by the current gains; safety always comes first.