$ME /USDT Technical Analysis & Trade Signals

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Current Price: $2.707

Trend Analysis:

Momentum: Bearish (down 6.49% in the last 24 hours).

Support Level: $2.653 (recent low).

Resistance Level: $2.895 (recent high).

Key Indicators:

RSI: Near oversold, possible reversal in the near term.

MACD: Bearish crossover, indicating downward momentum.

EMA: Price trading below key EMAs, confirming a bearish outlook.

Trade Signals:

1. Target 1 (Support Break): If the price falls below $2.653, target the next support level at $2.60.

2. Target 2 (Rebound Opportunity): A potential bounce off $2.653 could push ME toward $2.80.

3. Target 3 (Resistance Break): A breakout above $2.80 could aim for $2.90.

Trade Momentum:

Bearish in the short term, but look for possible rebounds or breakouts above resistance levels for a bullish shift. Watch price action closely.

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