Newcomer in the NFT Track ME Plummets 14%, Can It Reach New Heights Again?

ME/USDT dropped 14.38% today, currently priced at $2.853, with a low of $2.821. As a popular cryptocurrency in the NFT sector, its short-term volatility is receiving a lot of attention.

Market Analysis:

• Support Level: $2.80 (short-term support), if broken, it may further test $2.70;

• Resistance Level: $3.00 (short-term resistance), breaking through may bring it back to the $3.20 area;

• Technical Signal: RSI dropped to 6.22, severely oversold, there may be a technical rebound opportunity in the short term.

Short-term Trading Strategy:

1. Bullish Strategy: Lightly enter long near $2.82, stop loss at $2.75, target $3.00-$3.20;

2. Bearish Strategy: If a rebound to $3.00 fails, consider lightly entering short, target $2.85-$2.75.

What do you think about ME's future trend? Can it leverage the hype of the NFT sector to regain momentum? Share your views in the comments!