$ME is in a continued downtrend, showing no signs of a reversal as it trades around 3.095. The bearish momentum remains strong, with consistent lower highs and lower lows forming.
Traders should keep a close watch to see if the price can establish a solid support level. If the downtrend persists, further declines are likely, and any rebound would need strong volume and momentum to signal a shift in direction.
Stay vigilant as the market attempts to find stability.
ME
0.1129
+2.54%