$MET surged nearly 70% today, making this rally worth watching.
Meteora recently announced DLMM Pro, after which MET broke out of its previous consolidation range of around $0.31–$0.34.
Another noteworthy development is that reports indicate Meteora's DEX trading volume and active addresses are also rising.
This means the market is paying attention not only to the token price, but also to liquidity trading activity in the Solana ecosystem. But there's one issue: MET has already climbed to around $0.52, and is clearly overheated in the short term.
Two things to watch next:
Can it hold key support after a pullback?
Can trading activity remain strong, rather than just being a one-day flurry?
Meteora recently announced DLMM Pro, after which MET broke out of its previous consolidation range of around $0.31–$0.34.
Another noteworthy development is that reports indicate Meteora's DEX trading volume and active addresses are also rising.
This means the market is paying attention not only to the token price, but also to liquidity trading activity in the Solana ecosystem. But there's one issue: MET has already climbed to around $0.52, and is clearly overheated in the short term.
Two things to watch next:
Can it hold key support after a pullback?
Can trading activity remain strong, rather than just being a one-day flurry?