Technical Analysis: $METIS
/USDT
As we analyze the $METIS /USDT trading pair, we're seeing some intriguing movements that could present trading opportunities. Here’s a breakdown of key price levels and potential targets:
Current Price: $42.74
24h High: $45.30
24h Low: $38.05
Technical Overview:
The recent price action indicates a bullish trend, with METIS showing resilience around the support level of $38.05. Given the 9.67% increase over the past 24 hours, let's look at three potential target levels:
Target 1: $45.30
This level coincides with the recent 24-hour high. A successful breakout above this resistance could attract bullish momentum, pushing the price higher. Traders should watch for increased volume around this level for confirmation.
Target 2: $48.00
If METIS can surpass the $45.30 resistance, the next target is $48.00. This target aligns with previous price action and psychological resistance, making it a significant milestone for bulls.
Target 3: $50.00
A move to $50.00 would indicate a strong bullish trend. This level has historical significance and could serve as a key profit-taking point for traders.
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