Latest Medieval Empires (MEE) Price Analysis

Deep Dive

1. Technical context

MEE’s 7-day RSI of 93.06 (above 70 = overbought) and 21-day RSI of 87.56 show unsustainable momentum. The price rejected the $0.0124 Fibonacci extension level (127.2%) on July 20, aligning with:
- Immediate support at $0.0100 (23.6% Fib retracement)
- MACD histogram cooling from +0.00093 to +0.00085, signaling weakening bullish divergence

The 24-hour trading volume fell 13% to $1.01M, reducing buy-side pressure to sustain gains.

2. Market dynamics

While the broader crypto market rose 0.8% in 24 hours, MEE’s 30-day holder market cap surged 260% (CoinMarketCap), suggesting whales may be trimming positions. High concentration risk persists:
- Top 10 wallets control 81% of supply (CoinMarketCap)
- 24-hour turnover of 0.17 signals shallow order books

The July 20 Immutable Passport partnership (Medieval Empires) failed to sustain momentum, hinting at “sell the news” behavior after a 312% monthly gain.

Conclusion

MEE’s dip reflects natural profit-taking after parabolic moves, amplified by low liquidity. Watch the $0.0100 Fib level for stability and RSI cooling below 70 for renewed momentum.
Could MEE’s high volatility persist given its concentrated ownership structure?

Deep Dive

1. Technical context

MEE’s price ($0.0113) trades above all key moving averages (7-day SMA: $0.0067, 30-day SMA: $0.0037), confirming a strong uptrend. The RSI-7 at 92.44 (extreme overbought) and MACD histogram at +0.00089 suggest:
- Short-term FOMO-driven buying
- High liquidation risk if momentum stalls
Fibonacci extensions point to next resistance near $0.015 (127.2% level).

2. Market dynamics

The broader altcoin market shows strength:
- Altcoin Season Index surged 157% in 30 days to 49/100 (near neutral)
- Bitcoin dominance dipped to 60.18% (-0.85% in 24h), favoring alt inflows
However, Fear & Greed at 68 (“Greed”) hints at frothy conditions sector-wide.

Conclusion

MEE’s rally combines technical breakout dynamics with sector-wide risk appetite, though extreme RSI readings and concentrated token holdings (top 10 wallets control 81%) warrant caution. Will staking demand offset sell pressure from profit-taking?