🚨 $ME Hits $2.806 Amid a Fierce Correction – Is a Reversal on the Horizon?

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$ME is currently trading at $2.806, marking a steep 10.29% drop over the past 24 hours. The price plummeted from its daily high of $3.193, touching a critical low of $2.632 before finding modest support. The RSI stands at 52.29, hinting at neutral momentum, while the MACD shows a slight recovery phase with increasing green histograms.

This support at $2.632 will be key to watch, as bulls might attempt to reclaim lost ground. A sustained rebound could see ME testing resistance near $2.983, but further bearish pressure could drive the price below this support level. Traders should remain cautious as the volatility persists, keeping an eye on breakout signals for decisive moves.