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Magic Eden (ME) Soars 21% with 2,826% Volume Spike, Can the Hype Hold?

  • 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.

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