Currently, $ME is exhibiting a bearish market structure, trading at 0.724 USDT.
With strong support at 0.709 USDT and resistance at 0.762 USDT, traders should consider a range-bound strategy.
Watch for price action near the support level for potential pullback entries.
The RSI at 42.29 suggests decreasing momentum, indicating caution.
External factors like Bitcoin's volatility and macroeconomic events could greatly impact ME's performance.
