$ME

/USDT Technical Analysis & Trade Signals

Current Price: $3.81

24h High: $4.279

24h Low: $3.470

24h Volume (USDT): 115.59M

Moving Averages:

MA (5): 194,326.06

MA (10): 189,626.85

Technical Analysis:

Trend: Bullish momentum, as the price has risen by +8.22% in the last 24 hours.

Support: $3.470 (24h Low)

Resistance: $4.279 (24h High)

MA Cross: Short-term (5 MA) shows stronger momentum compared to longer-term (10 MA), indicating a potential continuation of the upward trend.

RSI: Current RSI suggests moderate bullish momentum, with potential room for upward movement without being overbought.

Trade Signals:

1. Buy Signal: If the price breaks above $4.00, expect a continuation of bullish momentum towards the $4.20 level.

2. Sell Signal: If the price dips below $3.50, consider selling or taking profit as it approaches support levels.

3. Hold Signal: Between $3.80-$4.00, it's advisable to hold and wait for a clearer breakout or confirmation.

Target 🎯:

1. Target 1: $4.10 – Immediate resistance, a potential first level to watch for profit-taking.

2. Target 2: $4.25 – Possible continuation if momentum holds, above the 24h high.

3. Target 3: $4.50 – A higher resistance level, depending on sustained bullish movement.

Momentum:

With positive price action and increasing volume, the momentum is currently bullish, but traders should watch for a possible retracement or consolidation before the next move up.

Always consider market conditions and adjust stop losses accordingly to manage risk.

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