$MEW Short-term rebound, strong inflow of contract funds, divergence in spot funds, beware of sharp increases and subsequent declines
Recently, MEW has rapidly risen from a low of about $0.0016, oscillating around $0.002865.
In the short term, if it cannot quickly break through $0.003, it may further retrace to the support area of $0.0025 or even lower; if in the future it can break through $0.003 with volume and stabilize, it is expected to explore $0.0035 or higher positions again. It is advisable to avoid blindly chasing high prices, and those who are cautious may focus on whether funds have shifted from net outflow to net inflow, or consider entering the market after breaking through key resistance levels.
From the latest comparison data between contract and spot funds, in the short to medium term (15 minutes to 8 hours), contract funds show a significant net inflow, indicating active short-term bullish sentiment; however, there has been an outflow of spot funds over 12 hours, indicating that some spot investors have begun to exit and observe, and market divergence is starting to emerge. In longer periods (15 days, 30 days, 60 days), contract funds continue to flow out, indicating that the stage selling pressure has not been effectively digested, and bullish funds have not significantly reinforced.
