Memecoins have surged nearly threefold from their cycle lows, driven by improved liquidity and increased retail buying. Tokens such as Turbo, Bonk, SPX6900, Fartcoin, and Floki are leading the rally, showing significant upward momentum. However, traders remain cautious as thin order books above current prices raise concerns about the sustainability of these gains. As the holiday season approaches, market participants are closely monitoring key support and resistance levels. The current environment is characterized by heightened volatility, with short-term positioning strategies becoming prevalent among traders.