The current price of $ME is at 0.728 USDT, hovering near its support level of 0.727 USDT.
With the RSI at 39.66, the coin is showing bearish momentum but remains close to oversold territory.
A breakout above the resistance level at 0.75 USDT could signal a bullish reversal.
Traders might consider a pullback entry near support for a potential upward movement.
Be cautious of macroeconomic events and Bitcoin's market influence, which could impact volatility.
