Magic Eden's native token, ME, surged over 35%, surpassing the $0.50 resistance and reaching nearly $0.60. This price movement was accompanied by a 1,280% increase in trading volume, hitting $129 million. The rally follows hints from Magic Eden's official account about a 'significant week' ahead, with potential catalysts including Fireblocks' acquisition of Dynamic, which may boost Magic Eden's cross-chain NFT trading capabilities. The Relative Strength Index (RSI) is at 60, indicating possible further gains as investors eye the $1 mark amid a broader market rally.
Magic Eden's ME Token Jumps 35% on Anticipated Developments
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