$MET Price Movement Watch
Down 6.86% in 5 minutes; current price: $0.414. Down 20.78% over 24 hours, with approximately $25 million in 24-hour trading volume.
Meteora (MET) is a DEX token in the Solana ecosystem. On October 8, Binance launched a MET spot trading tournament with a 400 BNB prize pool, running through October 15. Combined with expectations for the DLMM Pro product, MET once surged against the broader trend to around $0.55. Today, it has given back much of those gains, sliding from its 24-hour high of 0.5466 to around $0.41.
Profit-taking after the sharp run-up, combined with the retreat of capital driven by the trading competition, has put $0.40–$0.42—a key support/resistance zone for bulls and bears yesterday—in focus. Holding this range could lead to a technical rebound; a breakdown could bring the early support zone of $0.31–$0.33 into view. Be cautious about chasing the downside after the oversold move, and wait for signs of stabilization before choosing a direction.
This is not investment advice. DYOR.
Down 6.86% in 5 minutes; current price: $0.414. Down 20.78% over 24 hours, with approximately $25 million in 24-hour trading volume.
Meteora (MET) is a DEX token in the Solana ecosystem. On October 8, Binance launched a MET spot trading tournament with a 400 BNB prize pool, running through October 15. Combined with expectations for the DLMM Pro product, MET once surged against the broader trend to around $0.55. Today, it has given back much of those gains, sliding from its 24-hour high of 0.5466 to around $0.41.
Profit-taking after the sharp run-up, combined with the retreat of capital driven by the trading competition, has put $0.40–$0.42—a key support/resistance zone for bulls and bears yesterday—in focus. Holding this range could lead to a technical rebound; a breakdown could bring the early support zone of $0.31–$0.33 into view. Be cautious about chasing the downside after the oversold move, and wait for signs of stabilization before choosing a direction.
This is not investment advice. DYOR.