Current Price: ~$0.1874

Context: Strong impulsive rally (+30%) followed by short-term cooling

🔍 Market Structure

ME has completed a sharp expansion move and is now transitioning into a distribution / consolidation phase.

Momentum has slowed, which is a normal behavior after aggressive upside moves.

Price is currently trading below EMA(7), EMA(25), and EMA(99), indicating short-term bearish pressure on the lower timeframe and a lack of immediate continuation strength.

📈 Momentum & Indicators

Williams %R (≈ −82):

Market is in an oversold zone, suggesting selling pressure is weakening.

However, this should be treated as condition-based information, not a standalone reversal signal.

Volume:

A noticeable decline in volume after the pump confirms a cool-off phase, rather than fresh accumulation.

🎯 Key Technical Levels

Demand (Support):

• 0.1850

• 0.1800 (major intraday support)

Supply (Resistance):

• 0.1900

• 0.2000 (key psychological & liquidity level)

🧠 Execution Outlook

Bullish continuation is only valid if price reclaims 0.190 with strong volume acceptance.

Failure to hold 0.185 increases the probability of a deeper mean reversion.

At current levels, the market favors patience or scalp-based execution, rather than aggressive positioning.

$ME

#ME #MEUSDT #TechnicalAnalysis #BinanceSquare #CryptoTrading