$ME is currently trading at 0.799 USDT, hovering just below the resistance level of 0.805 USDT.
This indicates a ranging market structure with slight bullish undertones.
A breakout strategy may be viable if it surpasses resistance, aided by increased trading volume of 24614.65.
However, traders should monitor Bitcoin's fluctuations and broader macroeconomic events that could impact ME.
With an RSI of 47.25, momentum lacks strong direction, reinforcing the need for caution.
