Meteora ($MET): Strong Momentum Meets a Major Resistance Zone
Meteora ($MET ) has entered a strong short-term upward move. On September 23, MET traded near $0.3699 after reaching an intraday high of approximately $0.4129. The move represents a significant increase from the roughly $0.2258 level seen just six days earlier. The technical structure is currently bullish. MET is trading above its 7-day, 25-day and 99-day moving averages, with the 7-day average around $0.2839. Trading volume has also expanded substantially during the recent rise, suggesting increased market participation. However, the move is approaching an important resistance area. The $0.4129 high is the immediate level to watch, followed by the approximately $0.4245 area visible on the chart. A decisive move above this zone could indicate that buyers are attempting to extend the rally. On the other hand, failure to break the resistance could result in profit-taking. The first important support area is around $0.318, followed by approximately $0.292-$0.284. A move back toward these levels would represent a substantial pullback from the current price but would not necessarily invalidate the larger short-term uptrend. Another factor to watch is MET's scheduled token unlock. Approximately 7.2 million MET tokens are reported as being released on September 23. Additional circulating supply can create selling pressure, although the actual market impact depends on how recipients use or sell the tokens. Next-day scenario Based purely on the chart structure shown and recent price momentum, an illustrative base-case scenario for the next daily candle would be: Open: ~$0.370 High: ~$0.421 Low: ~$0.337 Close: ~$0.394 This is a technical scenario, not a guaranteed prediction. The key levels are therefore: Above $0.413: momentum could continue toward the $0.425 area and potentially higher. Between $0.318 and $0.413: consolidation or a volatile sideways session would be possible. Below $0.318: the probability of a deeper retracement toward $0.292-$0.284 becomes more relevant. The most important thing for the next candle is therefore not simply whether MET is green or red. The reaction around $0.413-$0.425 resistance and $0.318 support should provide more information about whether the current rally is continuing or entering a correction. Because MET is a relatively volatile crypto asset and has just experienced a rapid price increase, the actual next-day candle can differ considerably from this scenario #AIStocksWhatNext #met #cryptouniverseofficial