$MET 0,514 — up 65% in 24 hours, open interest has multiplied 3.6x ($5.7M → $20.3M), and shorts are paying 0.45% in funding.
The media have linked the surge to DLMM Pro, Meteora’s customizable liquidity tool announced on October 6, which is currently only available via a waitlist. 24-hour volume is $525M, compared with $5–13M per day at the start of the month.
Price has broken above the September 23 high of $0.4136, while shorts still outnumber longs (56%). The concern: the product has no real users yet, and a rally this fast could reverse just as quickly.
The 4H, 12H, and 3D timeframes all point up; the current 4H candle is up about 8%.
Main bias: bullish. If the 1H candle closes below $0.449, abandon this view.
Shorts are paying 0.45% in funding and the price is still rising—more fuel left, or has it run out?
Personal observation, not a recommendation. Risk 1%; always use a stop.
#MET #Meteora $MET
The media have linked the surge to DLMM Pro, Meteora’s customizable liquidity tool announced on October 6, which is currently only available via a waitlist. 24-hour volume is $525M, compared with $5–13M per day at the start of the month.
Price has broken above the September 23 high of $0.4136, while shorts still outnumber longs (56%). The concern: the product has no real users yet, and a rally this fast could reverse just as quickly.
The 4H, 12H, and 3D timeframes all point up; the current 4H candle is up about 8%.
Main bias: bullish. If the 1H candle closes below $0.449, abandon this view.
Shorts are paying 0.45% in funding and the price is still rising—more fuel left, or has it run out?
Personal observation, not a recommendation. Risk 1%; always use a stop.
#MET #Meteora $MET