ME (Magic Eden) is showing strong momentum right now! š
Current live price: ~$0.22 USD (up significantly in the last 24 hours, with trading volume surging past $150M+).
Price action:
After dipping to lows around $0.13 recently, $ME has rejected that support zone hard and bounced sharply. We're seeing clear bullish rejection candles on the daily chart, breaking above recent resistance near $0.18ā$0.19.
This looks like a strong reversal from consolidation, driven by renewed interest in the Magic Eden ecosystem (multi-chain NFT & token trading hub on Solana, Bitcoin, EVM).
Trend direction: Short-term uptrend confirmed ā higher highs and higher lows forming. Momentum indicators are heating up, suggesting more upside potential.
Near-term targets (TPs):
First resistance at $0.25ā$0.28 (previous swing high area). If it clears that, we could push toward $0.35+ in the coming days/weeks, especially with high volume backing the move.
Why the move? Increased adoption of cross-chain features, community rewards, and overall NFT/crypto market recovery are fueling this bounce.
Always manage risk ā use proper position sizing and stop-losses. DYOR, not financial advice!
What do you think ā holding or taking profits here? Drop your thoughts below! š
Buying $ME š
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