The $ME
/USD pair is currently trading at $3.345, reflecting a period of consolidation with the potential for increased volatility. Key support zones are positioned at $3.200, where buyers have historically shown interest, and $3.100, a critical level to monitor for deeper retracements. On the upside, $3.400 acts as immediate resistance, and a breakout above this level, particularly with strong volume, could pave the way for bullish momentum toward $3.500, a significant target for further confirmation.
For bullish traders, entering on a confirmed breakout above $3.400 with increasing volume presents an opportunity to capitalize on upward movement. Alternatively, pullbacks toward the $3.200 zone could provide attractive buy opportunities for those seeking rebound trades. With the price hovering near resistance, traders should closely watch volume and momentum indicators to confirm potential breakouts or reversals. Staying vigilant and planning entries strategically will be key to navigating ME/USD’s next decisive move.
