$ME has shown a solid 3.528% price increase over the last 24 hours.
The price fluctuated between a low of 0.735 and a high of 0.763.
Currently, the asset is testing its resistance level at 0.763 while support is found at 0.74.
Market sentiment remains undefined, indicating traders are cautiously optimistic but awaiting clearer signals.
With an RSI of 69.66, ME is approaching overbought conditions, suggesting potential for a price correction.
Should it break through 0.763, a bullish momentum may ensue; failure to do so could lead to a rejection near resistance.
Stay attuned for any significant news that could further influence price action.
