Buying Zone (Entry): $0.272 – $0.278 (Wait for retracement/confirmation)
Selling Target 1: $0.315 (Short-term resistance)
Selling Target 2: $0.342 (Major psychological level)
Stop Loss: $0.258 (Below recent support)
Technical Analysis: ME/USDT (30m)
The chart shows a powerful 24.05% surge, with the price currently at $0.2873. Following this vertical move, the price is entering a consolidation phase. The Fibonacci retracement levels indicate that the 0.382 ($0.271) and 0.5 ($0.264) levels are critical zones for a "buy-the-dip" entry. A sustained hold above $0.270 suggests further bullish continuation, while a breakdown below $0.255 would invalidate the short-term momentum. $ME
Market News & Catalyst
The recent rally is fundamentally supported by Magic Eden's "2026 GIFTATHON" and their newly expanded 30% revenue buyback program. These initiatives are driving high trading volume and creating deflationary pressure on the $ME token, significantly boosting investor sentiment.