$ME USDT Price Prediction Analysis:🔥💯
1. Current Trend: MEUSDT is trading within a downward channel, with lower highs and lower lows dominating price action.
2. Support Zone: A rebound is seen near the $3.20 support, indicating temporary buying pressure.
3. Resistance Levels: Immediate resistance is near $3.40 and the descending channel’s upper trendline (~$3.50).
4. Breakout Potential: A clear breakout above $3.50 could signal a bullish reversal, targeting $3.80.
5. Downside Risks: If the price rejects resistance or loses $3.20, it could revisit the psychological support of $3.00.
6. RSI Confirmation: Check RSI levels; oversold conditions may align with further upward movement.
7. Volume Analysis: An increase in volume near the trendline could confirm a breakout or breakdown.
8. Next Potential Targets:
• Bullish scenario: $3.80 (upper resistance)
• Bearish scenario: $3.00 (major support)
9. Recommendation: Monitor price near resistance; secure partial profits on upward movement or place stop losses near $3.20.
10. Trading Advice: Wait for confirmation of breakout/rejection to avoid false signals.
