🔝$ME /USDT trading pair on Binance with 15minutes Timeframe 👇💵💵
Current Price: 3.433 USDT (10.17% increase in the last 24 hours).
24h High: 3.676 USDT.
24h Low: 3.113 USDT.
Volume:
ME: 15.40M.
USDT: 53.20M.
Indicators
1. RSI (Relative Strength Index):
The RSI is at 22.458, which is in the oversold zone, indicating potential upward momentum or a rebound might occur soon.
2. Moving Averages (MA):
MA(5): 76,831.76.
MA(10): 85,592.20.
The shorter-term MA is below the longer-term MA, signaling bearish momentum.
3. MACD (Moving Average Convergence Divergence):
DIF: -0.013.
DEA: 0.008.
MACD Histogram: -0.020.
A negative MACD suggests a bearish trend, but it's close to crossing over into positive territory.
Volume:
The volume spikes are notable, suggesting significant trading activity and potential interest in the pair.
Price Action:
The recent candle patterns indicate a slight downtrend after reaching a 24-hour high.
Support is visible around 3.278, and resistance is around 3.556.
Conclusion:
Bullish Scenario: If RSI rebounds and MACD crosses into positive, an upward move might occur.
Bearish Scenario: If the price breaks below the support at 3.278, further downside might follow.
