$ME / USDT Bull Run Confirmed!āØ
Current Price: $2.685 (-4.31%)
š Performance Insights:
4-Hour Chart Observations:
The chart reflects a strong downward trend over the past few days, with consistent red candles signaling heavy selling pressure.
Price Movement:
$ME / USDT has declined sharply from $3.50 to the current level of $2.685, indicating a loss of over 20% in value during this time frame.
š Technical Breakdown:
Support Levels:
Immediate support is at $2.60.A breakdown below this level could push the price towards $2.50 or lower.
Resistance Levels:
Closest resistance lies at $2.80, followed by $3.00.
Volume Analysis:
The declining volume suggests weak buying interest amidst the bearish trend.
š Market Sentiment:
The ME/USDT pair is facing significant bearish pressure, with no immediate signs of a trend reversal. Traders should monitor key support zones and watch for a potential rebound or further breakdown.
š¬ Discussion Points:
What are your thoughts on the ME/USDT price action?Will this be a turning point, or is there more downside ahead?
Letās discuss and share insights below! š
#Binance #MEUSDT #Crypto #TechnicalAnalysis