$ME didn’t just move vertically it escaped a compression chamber. The multi-day chop in the 0.21–0.24 range was quietly building kinetic energy while everyone else labeled it “dead.” That’s exactly how slingshot bases form: boredom + tight ranges + silent buyers.

The ignition candle through 0.26 confirmed the exit. That’s the moment compression flipped into expansion. Once price cleared that pocket, everything above it was untraded territory clean air. Markets don’t negotiate in clean air, they accelerate through it. Hence the straight line to 0.3334 without any staircase structure forming.

The long top wick isn’t weakness, it’s confirmation that ME finally ran into someone willing to trade back. Discovery phases always end at the first serious counterparty.

Now price is parked at 0.30, a spot where the market has to decide if that expansion was a one-off release or the start of a new regime.

Slingshots don’t appear bullish because of hype

they appear because compression eventually gets too tight for the tape to ignore.