$MEUSDT – Bulls Recover, Resistance Ahead

MEUSDT is rebounding, currently at $1,466 (+1.10%), but facing key resistance. Volume has increased, but confirmation is needed for sustained upside momentum.

📊 Technical Breakdown

🔹 1D Chart:

• Trading near the mid-Bollinger Band ($1,620), signaling a breakout or rejection.

• RSI at 38.4 is recovering from oversold but still leans bearish.

• MACD attempting a bullish crossover but lacks strong volume support.

🔹 4H Chart:

• Bounce from $1,324, but resistance at $1,500 - $1,545 remains a challenge.

• RSI at 53.4 suggests room for upside, but momentum is weak.

• MACD is neutral, lacking a clear trend direction.

🔹 1H & 15M Charts:

• ME hit $1,508 before pulling back.

• RSI is overbought, signaling possible short-term exhaustion.

• Volume is fading—watch for rejection at resistance.

🔑 Key Insights

❌ Resistance at $1,500 - $1,545: Needs strong volume for a breakout.

❌ Overbought RSI on LTFs: Short-term pullback possible.

✅ Bullish Bounce from $1,324: Buyers defended key support.

✅ Volume Increase: Renewed interest, but confirmation is needed.

📉 Market Sentiment

📊 BTC.D stable – No major impact on alts.

💰 USDT.D dropping – Risk appetite rising.

📉 TOTAL3 recovering – Altcoins gaining strength.

📈 What’s Next?

🔻 Rejection at $1,500 - $1,545 may trigger a retest of $1,420 - $1,385.

📉 Losing $1,385 weakens momentum.

📌 Breakout above $1,545 could push ME towards $1,600 - $1,650.

🚨 Wait for confirmation before entering.

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📖 El Shaddai: (Hebrew: אֵל שַׁדַּי) – ‘God Almighty, the All-Sufficient One.’ His grace sustains.

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