Technical analysis by PrimexCapital about Symbol MEW: Sell recommendation (1/10/2025)

MEWUSDT is in a corrective phase after a significant rejection from the upper resistance zone around 0.01300–0.01250. The market has been trending downward 📉, following the break of the ascending trendline that supported previous bullish momentum. Currently, price is hovering near the mid-support zone around 0.00900–0.00880, teasing a potential bounce but showing no clear bullish signs yet. The daily structure is leaning bearish as lower highs and lower lows dominate the chart. 📍 If price fails to reclaim the broken trendline or close above 0.01020 resistance, it could easily slide further into the deeper support zone near 0.00750–0.00700 🔻. However, if buyers manage to step in around the mid-support, we could see a short-term rally, possibly retesting the descending trendline. 🧐 Overall, the bias remains bearish unless a significant breakout above 0.01050 occurs. Until then, it’s a game of patience, watching how price behaves around these key zones.