The $ME /USDT pair currently trades at $3.060, showing a 6.59% decline within the past 24 hours. The price hit a 24h high of $3.286 and a low of $2.969, indicating strong volatility.

🚨The Bollinger Bands are showing a tightening range with the upper limit at $3.202 and the lower at $3.040, suggesting that a breakout could occur soon.

🚀Notably, the price is nearing the lower Bollinger Band, hinting at a potential rebound. The 5-period MA (129,775.47) is above the 10-period MA (115,889.11), reflecting short-term bearish pressure.

Traders should monitor volume, as a reversal above $3.12 may confirm bullish momentum, while a break below $2.985 signals further downside. Setting stop-loss and take-profit levels can optimize trades during this volatile phase.

$ME

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