**๐ ๐ ๐๐ผ๐ถ๐ป ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐๐ฟ๐ด๐ฒ! ๐**
$ME /TRY is trading at $40.46 on Binance, marking a remarkable 21.65% daily increase with a 24-hour range between $46.14 and $32.90! ๐ The 1-day chart shows a recent 3.32% rise, with ME rebounding strongly from mid-May lows near $30, supported by 523.09M TRY and 12.65M ME in trading volume. ๐น The Volume SMA at 3.167M reflects growing market activity, indicating heightened interest in this NFT gainer.
**Technical Insights**
The candlestick pattern displays a series of green bars, signaling strong bullish momentum after a brief consolidation phase. Key support is forming around $39, aligning with the recent low, while the next resistance at $45โa psychological level from early Juneโcould be tested if the uptrend persists. ๐ช The 50-day SMA is trending at $38, offering a near-term support base, while the 200-day SMA at $35 suggests a longer-term upward trajectory. The Relative Strength Index (RSI) is around 65, indicating strong buying momentum but nearing overbought territory, which could prompt a short-term pullback. A break below $39 might push ME toward $35, whereas a move above $45 could target $50, a previous high from late May. ๐
**Market Sentiment**
ME, an NFT-focused token, is gaining traction due to its integration with digital collectibles and gaming ecosystems, driving its recent surge. Sentiment on X reflects excitement around its NFT utility and community-driven hype, though some caution about volatility given the broader crypto marketโBitcoin at $109,682.10 and Ethereum at $2,570.20. ๐ก The 21.65% daily gain suggests a breakout fueled by speculative buying and potential ecosystem updates, but the rapid rise could also invite profit-taking. On June 4, 2025, traders should watch the $39 support levelโif it holds, a push toward $45 is likely; if breached, $35 could be tested. โ ๏ธ Monitor volume trends and NFT market developments for the next move! ๐
