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$ME has demonstrated impressive performance in recent volume expansion trends—after a 21% increase, the price strongly broke through a key level. Even more interesting is that the open interest also rose accordingly, which usually indicates that new major funds are quietly accumulating rather than short sellers digging a trap here.
From the details on the chart, buy orders are continuously absorbing sell pressure above the resistance level, and the simultaneous increase in volume and price makes this breakout quite effective. The influx of new funds (as seen from the increase in open interest) is the main driving force behind this rally. Currently, there is no obvious profit-taking selling pressure on the chart, indicating that bullish sentiment remains.
If you're interested in participating, you might consider looking for entry points in the 0.275-0.282 range, which is an ideal zone for a pullback to above the breakout area. For stop-loss, set it at 0.255 (rigid stop-loss must be strictly enforced). As for target levels, the first target is 0.315, and the second can be around 0.345.
The technical aspect of the crypto market is always full of uncertainties, but signals like this—volume-price coordination and consistent capital flow—are still worth paying close attention to.