MET is currently at 0.4224, down 5.33% over 24 hours but still up 35.82% over 7 days. The intraday range is 0.4072–0.4679, with a volatility of 14.9%.
【Market】
MET has been a tough watch today, with both bulls and bears waiting for a clear signal.
To the upside, it needs to break 0.4679; to the downside, watch whether 0.4072 holds. Both scenarios are on the table.
MET is down 5.33% over 24 hours. Each rebound toward 0.4679 has been pushed back, with heavy overhead supply from holders looking to sell.
There are no signs yet that the short-term weakness is reversing, and selling pressure continues to unwind.
Over the same period, BTC is up 0.66%, while MET’s 5.33% drop has clearly underperformed the broader market, suggesting capital is flowing out.
The short-term bias is bearish.
【Bearish Case】
The 5.33% drop combined with 14.9% volatility suggests that no one is willing to make the first move.
Selling pressure near 0.4679 has yet to be absorbed, and each rebound is weaker than the last.
Volume contracts on rebounds and expands on declines. In this kind of setup, every bounce gets pushed back down.
Avoid large positions and leverage, keep plenty of cash on hand, and sit back and watch.
The risk is that a technical rebound could happen at any time after the sharp decline, so keep a backup plan regardless of your directional view.
If 0.4072 breaks, the price may continue lower in search of support; 0.4679 is likely to be strong resistance on a rebound.
$MET #MET
【Market】
MET has been a tough watch today, with both bulls and bears waiting for a clear signal.
To the upside, it needs to break 0.4679; to the downside, watch whether 0.4072 holds. Both scenarios are on the table.
MET is down 5.33% over 24 hours. Each rebound toward 0.4679 has been pushed back, with heavy overhead supply from holders looking to sell.
There are no signs yet that the short-term weakness is reversing, and selling pressure continues to unwind.
Over the same period, BTC is up 0.66%, while MET’s 5.33% drop has clearly underperformed the broader market, suggesting capital is flowing out.
The short-term bias is bearish.
【Bearish Case】
The 5.33% drop combined with 14.9% volatility suggests that no one is willing to make the first move.
Selling pressure near 0.4679 has yet to be absorbed, and each rebound is weaker than the last.
Volume contracts on rebounds and expands on declines. In this kind of setup, every bounce gets pushed back down.
Avoid large positions and leverage, keep plenty of cash on hand, and sit back and watch.
The risk is that a technical rebound could happen at any time after the sharp decline, so keep a backup plan regardless of your directional view.
If 0.4072 breaks, the price may continue lower in search of support; 0.4679 is likely to be strong resistance on a rebound.
$MET #MET