🚨 $ME Struggles to Hold Above Support — Next Move Incoming? 🔍
🔹 Current Price: $0.681
🔹 24h Change: -2.44%
🔹 24h High: $0.701
🔹 24h Low: $0.665
🔹 24h Volume: 1.41M ME — declining liquidity signals weaker momentum
📊 Technical Highlights:
⚠️ EMA(7) = $0.681 < EMA(25) = $0.696 and EMA(99) = $0.730 — bearish alignment
⚠️ Price rejected from $1.03 recent high and trending lower
✅ RSI(6) = 42.9, RSI(12) = 38.7, RSI(24) = 40.3 — nearing oversold zone, possible relief bounce
⚠️ Volume thinning after selloff, showing reduced buyer conviction
🎯 Take Profit Targets (if rebound occurs):
- TP1: $0.705 ➜ +3.5%
- TP2: $0.74 ➜ +8.6%
- TP3: $0.79 ➜ +15.9%
🛡️ Stop-Loss Suggestion: Below $0.638 — recent strong support
💡 Smart Reminder: Trend remains bearish below EMA(99); watch closely for RSI-driven bounce before considering long entries.
👉 Question for Traders:
Is $ME gearing up for a bounce from oversold levels, or will the bearish momentum drag it further below $0.65? 🤔