Magic Eden (ME) has surged over 21% to reach $1.03, with a significant increase in trading volume by more than 2,826%.
The surge in ME's price is attributed to the Trump Wallet and the bullish momentum that pushed the asset past crucial resistance zones.
At present, Magic Eden is trading at around $1.03 with a market cap of $155.02 million and a daily trading volume spike to $459.76 million.
Technical indicators such as the MACD and RSI suggest a bullish sentiment for ME, with a potential upside target of $1.07, while a downside correction could see the price drop to around $0.99.