$me magic eden $MEUSDmoving forward i am bullish on magic eden... we are traveling in a nice uptrend in a nice channel.... we currently have a fib resistence at $3.77 which i personally think we will retest before the weekend is over...the channel support line is in the low 3.20's if you are looking to add on a pullback...as we approach the $3.776 range keep an eye on !total to see what the marketcap is doing.... if btc dominence is going down and money is flowing into alts, i expect volume to pick up as we push thru the resistence area. if marketcap starts to drop though i can see the price here coming back down to retest the $3.12 current swing low that was created last week. Price for this token dumped hard after an initail luanch of the token sent out 1,000s to some holders, which where dumped onto the market....a lot of investors into this project tho are staking as many coins as possible to maximize the sites rewards. lockup period is thru mid march to end of march....Stay tuned as i will keep you updated on this chart. Give me a like and follow....Share on X.com also if you like my TA and have found it helpful. Thanks
Magiceden
Magic Eden SWING LONGThe price has finally broken the downtrend line, signaling a possible shift in market structure. I plan to sell at $33, a level that aligns with the 1.618 Fibonacci extension.
Stop Loss: Below recent lows.
Maximum recommended leverage: x5.
for the moment the breakout is positive, a rally or increased volatility before reaching the target would not be surprising. Risk management remains crucial.
ME (Magic Eden) Bulls time!The ME chart is interesting, initially there was a lot of selling pressure from people who received the airdrop, causing the price to drop from $8 on Binance to $4.90, but it then made a double bottom near $ 5 and is now showing strength and trading above the moving averages on 15 minutes timeframe.
If volumes remain this high, I believe the price will rise in the coming days, I liked the risk reward.
Solana's Magic Eden NFT Volumes Top Bitcoin and EthereumSolana's Magic Eden, a non-fungible token (NFT) marketplace, has seen a surge in trading volumes, dominating the Solana ( CRYPTOCAP:SOL ), Ethereum, and Bitcoin networks. This surge comes as total NFT volumes have dropped in the last 30 days. The platform has surpassed NFT marketplace Blur on Ethereum, with its market share increasing to 41.39%. On Solana ( CRYPTOCAP:SOL ), Magic Eden maintains its lead with 75.79%, with assets worth over 17K SOL. Recent market activity has boosted its lead, with Tensor and Sniper coming up next with 19.38% and 2.40%, while Hyperspace and Hadeswap rank next with 1.21% and 0.98%, respectively. On-chain data from Tiexo points to a rally in Solana volumes, with volumes 18% to 22.7 SOL, approximately $3.81 million.
Magic Eden dominated NFT volumes in the Bitcoin ecosystem, posting 55.07% of the market share. In December, Solana ( CRYPTOCAP:SOL ) topped Ethereum in NFT volumes as users purchased projects based on the platform. However, recent data from CryptoSlam shows a drop in overall volumes, with volumes plummeting 54% to $624 million from last month's over $1 billion volume. Bitcoin NFT sales plummeted 68%, while Ethereum and Solana experienced a 55% and 48% drop, respectively.