4.4 LOL. I wasn't expecting such a bump so i put a limit at 4.64.
Riyu811800
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#ME ME Price Prediction: Soon to Lose $5 Support
At first glance, the 1-hour ME/USD chart shows that the altcoin is trading within a descending channel. A descending channel, characterized by lower highs and lower lows, indicates a bearish market trend. This pattern suggests that sellers have the upper hand, consistently driving the price downward.
Considering that this is happening with the Magic Eden token volume declining, then the price might go lower. If this remains the case, then ME’s price could decline to $4.93 in the short term.
Magic Eden 1-Hour Analysis. Source: TradingView
On the flip side, if bulls defend the price at the support level of $5.13, this forecast might not happen. In that case, the cryptocurrency’s value might climb to $7.19.
{spot}(MEUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.
