📊 $METIS

S/USDT Technical Analysis & Key Targets 🎯 | Binance

🚀 Price Action Overview:

The METIS/USDT pair is showing strong bullish momentum, currently trading at $47.48 (+7.30% daily change). The price has broken past key resistance levels, signaling further upward potential.

🔍 Technical Highlights:

24h High/Low: $47.89 / $43.01

Volume Spike: 24h trading volume has surged to 2.35M USDT, indicating heightened investor interest.

Moving Averages:

Short-term (15m, 1h): Bullish crossover observed.

Daily: Price consolidating above the 50-day EMA, a key support level.

RSI: Currently at 68, approaching overbought territory but showing strong demand.

🎯 Targets to Watch:

1️⃣ Immediate Target: $50.00

Rationale: This psychological level is the next immediate resistance. If momentum continues, breaking $50 will confirm sustained bullish sentiment.

2️⃣ Mid-Term Target: $54.00

Rationale: Based on Fibonacci retracement, this aligns with the 1.618 extension level, offering a strong profit-taking zone for swing traders.

3️⃣ Long-Term Target: $60.00

Rationale: Historical price data suggests $60 is a significant resistance zone from previous price peaks. If the rally continues, this is achievable within 3-6 months.

📉 Support Levels:

Support 1: $45.00 (recent breakout level).

Support 2: $43.01 (24h low).

📌 Note: Monitor market sentiment and macroeconomic factors influencing Layer 1 projects like METIS. Trade cautiously and use stop-loss orders to mitigate risks.

🔗 Trade METIS/USDT now on Binance!

Let me know if you’d like to adjust the targets or add more insights!