$ME USDT Explodes 53% in 24H – Breakout or Blow-Off?
MEUSDT is showing serious momentum. Price is currently trading around $0.2028–$0.2029, up more than 53% in 24 hours, with strong volume expansion. The 15-minute chart reflects a clean bullish structure with higher highs and higher lows.
Technical Analysis
Resistance Levels:
Immediate resistance: $0.2059 (24H High)
Psychological resistance: $0.2100
Break above 0.2100 could open room toward 0.2200
Support Levels:
Immediate support: $0.1950
Strong short-term support: $0.1800
Major intraday base: $0.1600–0.1650
The breakout above 0.1800 triggered acceleration, supported by increasing volume (157M+ USDT in 24H). Candles show strong bullish bodies with minor pullbacks, indicating buyers are still in control.
Although RSI and MACD are not visible in the screenshot, based on price behavior and momentum expansion, RSI is likely in overbought territory on lower timeframes. That suggests strong momentum, but also possible short-term cooling.
Price is clearly trading above short-term moving averages, confirming trend strength.
Market Sentiment
Current sentiment is Bullish, driven by aggressive buying pressure and strong volume confirmation. However, after a 53% move in one day, short-term pullbacks are normal and healthy.
Momentum is strong, but chasing at resistance carries risk.
Strategy
Aggressive traders:
Trade breakout only if price closes strongly above 0.2060–0.2100 with sustained volume.
Conservative traders:
Wait for a pullback toward 0.1900–0.1800 support zone before considering entries.
Recommendation: Wait for confirmation or retracement rather than chasing highs.
Risk management is key after vertical moves.
Are you holding MEUSDT for continuation above 0.21, or waiting for a dip entry?
Not Financial Advice (NFA)
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