$ME /USDT Technical Analysis & Trade Signal

Current Price: $5.13 (-2.62%)

24h Range: $4.92 - $5.49

Technical Overview

Moving Averages:

MA(7): $5.126

MA(25): $5.141

MA(99): $5.178

Trade Momentum: Slightly bearish, with the price trading below key moving averages. However, consolidation near support levels indicates potential for reversal if buying volume increases.

Trade Signal

Buy Zone: $5.00 - $5.10 (preferably near support levels for reduced risk).

Resistance Levels (Targets):

🎯 Target 1: $5.33 (minor resistance)

🎯 Target 2: $5.49 (recent 24h high)

🎯 Target 3: $5.75 (strong resistance zone)

Support Levels: $4.97 (immediate support), $4.92 (critical support).

Momentum Analysis

Current momentum shows mild bearish pressure, but a breakout above $5.33 could shift sentiment to bullish. A drop below $4.92 may trigger further downside, while higher trading volumes near support zones could lead to a recovery rally. Keep an eye on volume spikes and the $5.33 level for direction confirmation.

#BTCReclaims101K #RLUSDApprovalBoostXRP #RLUSDApprovalBoostXRP #BTCReclaims101K #MicrosoftRejectsBTC