$MET down more than 27% in 10 days, with the 4-hour RSI at just 26.
$MET has fallen steadily from $0.44 to $0.32 over the past ten days, with no sustained rebound. Both the 4-hour and daily timeframes are below WMA45, and the 4-hour RSI has dropped to 26—clearly in oversold territory.
Volume on the latest candle was nearly twice the 20-candle average, indicating that selling pressure is still coming in. The $0.312 level has been touched four times and is the nearest support below; above, $0.329 is where the price has recently been rejected several times.
$MET is the ticker for Meteora, a DeFi project on Solana. Binance classifies it in the Seed category. It was listed only about 11 months ago, so volatility remains high.
The entire market is weak: $BTC has a 4-hour RSI of 42, and over 70% of altcoins have a 4-hour RSI below 40.
Personal observation, not investment advice
#TinFed #TheoDõiFOMC #MET
$MET has fallen steadily from $0.44 to $0.32 over the past ten days, with no sustained rebound. Both the 4-hour and daily timeframes are below WMA45, and the 4-hour RSI has dropped to 26—clearly in oversold territory.
Volume on the latest candle was nearly twice the 20-candle average, indicating that selling pressure is still coming in. The $0.312 level has been touched four times and is the nearest support below; above, $0.329 is where the price has recently been rejected several times.
$MET is the ticker for Meteora, a DeFi project on Solana. Binance classifies it in the Seed category. It was listed only about 11 months ago, so volatility remains high.
The entire market is weak: $BTC has a 4-hour RSI of 42, and over 70% of altcoins have a 4-hour RSI below 40.
Personal observation, not investment advice
#TinFed #TheoDõiFOMC #MET