Here is short-term Technical Analysis #ME
1st movement upwards : 4.10
if it reaches there then it triggers a new point to upper level but even the buying pressure will be high at this very point, monitoring its wavy movement would be the best choice in short term.
2nd movement upwards : 4,40
this is the very key level of #ME . This level might create a new resistence level around 4.10. if it jumps over 4.65, then it will generate a huge buying pressure along with a sharp rise towards 5.05. Around, 5 selling pressure might occur and might fall back under 5$ till 4.85 - 4.90. Then, it might be steady for one day or less begin to rise up again, might be rocketing rise after this upward movement.
Depending on the upward movements,
Resistances will be 4.10, 4.65 and 5.05
Support zone will be 3.85, 4.10 and 4.90
Breakout of rocketing sign will be 4.70
Broader Market analysis of $BTC and Magic Eden marketplace will be so much effective on #ME
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