$ME /USDT Analysis

ME is currently trading at $4.3575, showing a 3.25% gain in the last 24 hours. The pair has witnessed a 24-hour high of $4.5097 and a low of $4.0309, with notable volatility.

On the downside, the immediate support lies around the recent low of $4.0309. If the price bounces off this level, buyers could attempt to retake control and drive the pair back toward the resistance at $4.5097. A successful push above this resistance may open the gates for further upside momentum.

However, failure to hold support at $4.03 could invite additional selling pressure, pushing ME/USDT toward the psychological level of $4.00. A close below this level would indicate short-term bearish dominance.

The 15-minute fund flow data reveals a mixed picture, with large order sells dominating at 45.69%, compared to 37.19% large order buys. Meanwhile, medium orders are relatively balanced, showing only slight buying strength. This suggests cautious trading behavior among larger players.

In summary, ME/USDT remains at a critical juncture. Bulls must defend the $4.03 support to prevent further downside and sustain momentum toward $4.50. If bears break below $4.00, the pair could enter a range-bound phase, with increased selling pressure likely.