MELI MAY 2026
By:TradingView
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
MELI remains under institutional selling pressure after rejecting the upper range. Price is trading below the 1850 target zone and far below the 2020 resistance, which keeps the structure defensive.
The key support remains 1520, aligned with the double-bottom and gap protection area. If buyers defend 1520, MELI could attempt a retest toward 1850 and then 2020. A reclaim above 2020 would open the higher EPS target zone near 2400.
If 1520 fails, the next downside liquidity area is near 1300, where monthly support and prior institutional orders are located.
Upside targets:
1850
2020
2400 if momentum improves EPS
Downside targets:
1520
1300 if support breaks
Institutional bias: neutral to bearish below 1850. Bullish only with strong volume reclaim above 2020.
The key support remains 1520, aligned with the double-bottom and gap protection area. If buyers defend 1520, MELI could attempt a retest toward 1850 and then 2020. A reclaim above 2020 would open the higher EPS target zone near 2400.
If 1520 fails, the next downside liquidity area is near 1300, where monthly support and prior institutional orders are located.
Upside targets:
1850
2020
2400 if momentum improves EPS
Downside targets:
1520
1300 if support breaks
Institutional bias: neutral to bearish below 1850. Bullish only with strong volume reclaim above 2020.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now！
You may also like
Urgent BlackRock Clarity Act Bombshell for XRP and Bitcoin Holders
TimesTabloid•2026/05/13 16:03
Did Pi Coin Price Just Flash a Date for a 23% Breakout Revival?
BeInCrypto•2026/05/13 16:00
China’s grip on rare earths remains tight amid Xi-Trump showdown
Mining.com•2026/05/13 15:54
Zambia’s copper output down 4% in the first quarter
Mining.com•2026/05/13 15:51
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$78,851.83
-1.78%
Ethereum
ETH
$2,239.28
-1.09%
Tether USDt
USDT
$0.9996
+0.00%
BNB
BNB
$666.23
+2.13%
XRP
XRP
$1.42
-0.65%
USDC
USDC
$0.9998
+0.01%
Solana
SOL
$90.77
-3.45%
TRON
TRX
$0.3499
+0.64%
Dogecoin
DOGE
$0.1105
+1.55%
Hyperliquid
HYPE
$39.06
-2.95%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now