Forecast for #METIS on 10/21/2024:
1. Price forecast (short-term, medium-term)
• Short-term: The price is $44.73 and is near resistance at $45.30. If this resistance is overcome, we can expect movement to $48.64 (0.27 Fibonacci) and $52.97 (0.62 Fibonacci). During a rollback, it is important to hold support at $40.29.
• Medium-term: If growth continues, it is possible to reach $57.67 (-1 Fibonacci). In a negative scenario, if the price falls below $40, a rollback to $37.50 and then to $35.00 is possible.
2. Support and resistance levels
• Support:
o $44.00,
o $40.29,
o $37.50,
o $35.08.
• Resistance:
o $45.30,
o $48.64 (0.27 Fibonacci),
o $52.97 (0.62 Fibonacci),
o $57.67 (-1 Fibonacci).
⚠️ General conclusion
METIS is in the key resistance zone. A breakout of $45.30 will signal further growth. Support at $40.29 is critical, and a breakout may lead to a decline.
