📊METIS/USDT pair Chart analysis and prediction
1. Trend Overview:
• Current Price: $44.33
• 24h High/Low: $45.30 / $38.05
• Price Surge: The price is up by +14.46% over the last 24 hours. This indicates a strong bullish momentum, pushing through key resistance levels.
2. Bollinger Bands (BB):
• Upper Band: $42.15
• Lower Band: $30.66
• The price has broken above the upper Bollinger Band, which typically suggests that the asset is overbought and a pullback could be due soon. However, in strong uptrends, prices can “ride” the upper band for extended periods.
3. Relative Strength Index (RSI):
• RSI (6): 89.10 (Overbought)
• RSI (12): 84.79 (Overbought)
• RSI (24): 76.63 (Overbought)
With all RSI values indicating overbought conditions, this points to the potential for a cooling-off period or short-term correction.
4. Key Levels to Watch:
• Resistance: The most immediate resistance is at $46.23, which could challenge further upward movement.
• Support: Watch for support around $39.44, a recent breakout point, and $32.64, the lower support line from recent lows.
5. Doc’s Prediction:
Given the strong bullish momentum, but considering the overbought RSI and price riding the Bollinger upper band, I predict METIS/USDT could face a pullback to around $40-$41 in the short term. However, if the momentum continues and it breaks resistance at $46.23, we could see a push towards $48-$50.
#TrumpDeFi #MemeCoinTrending #GrayscaleConsiders35Cryptos #USStockEarningsSeason #BTCUptober