Market Update: $ME /USDT
The ME/USDT pair is currently trading at $3.505, reflecting a -2.67% drop in the last session. The price is trading below the 20 SMA (blue line), indicating continued bearish momentum. The Bollinger Bands show compression, signaling increased volatility as the price hovers near critical support levels.
Immediate Resistance: $3.65 (SMA)Immediate Support: $3.41 (Lower Bollinger Band)If the price breaks below the key support level at $3.41, we may witness a further decline towards the psychological level of $3.00.
Traders should monitor the $3.41 support zone closely, as a strong breakdown could accelerate selling pressure. Conversely, a bounce above $3.65 could signal a short-term recovery.
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