ME has recently shown clear breakout characteristics in the market. After a 25% increase in volume, the price has strongly moved above a key level, indicating that main funds are continuously accumulating positions. The bearish side has already shown signs of being squeezed, which usually means that the bullish forces are gradually gaining the upper hand.

From a technical perspective, this breakout is accompanied by a significant volume release of 131M and an increase in open interest. This is not a simple short covering phenomenon but a typical signal of institutional entry. Importantly, the price did not experience a deep retracement after the breakout, indicating that selling pressure has been effectively absorbed.

Based on the current trend structure, here are the trading references:

📍 Long Position

Entry Range: 0.2800-0.2880

Stop Loss: 0.2650 (This is a critical support level that must hold)

First Target: 0.3200

Second Target: 0.3500

As long as ME can stay above 0.2750 for consolidation, the subsequent structure of increasing volume and price is very likely to push the price toward higher liquidity zones. This pattern often indicates the continuation of an upward trend in the crypto market.