ME Surges 59.97% in 24 Hours Amid Technical Reversal Signal

On SEP 8 2025, ME rose by 59.97% within 24 hours to reach $0.674, ME dropped by 73.96% within 7 days, dropped by 44.51% within 1 month, and dropped by 7841.06% within 1 year.

A sudden rebound in ME has drawn attention to the token’s short-term momentum indicators, with traders citing a reversal pattern on the daily chart. The recent 59.97% gain in 24 hours suggests a potential bottoming process after months of decline, with the one-month drop of 44.51% still overshadowing the recent rally. Analysts have noted that the sharp rebound may not necessarily indicate a long-term reversal, but it has reignited discussion about ME’s price behavior and its technical configuration.

The 7-day decline of 73.96% has been largely attributed to broader market sentiment and a lack of catalysts for the token, though the 24-hour surge has introduced a fresh dynamic. Short-term traders are closely watching whether this upward move holds, with key resistance levels already being targeted as potential benchmarks for further appreciation. Analysts project that ME’s price could face near-term volatility as the market tests the sustainability of the rebound.

Backtest Hypothesis

Given the recent technical configuration and price action, a backtesting strategy has been developed to assess the potential validity of the reversal pattern. The strategy is based on a set of predefined entry and exit conditions rooted in the same technical indicators that have been highlighted in the recent analysis. By applying these rules to historical data, the strategy aims to evaluate whether the current setup has historically led to profitable outcomes.