METIS/USDT Holds Bullish Ground, Testing 200-SMA
$METIS




METIS/USDT is currently trading at $31.39, with a slight decline of -0.13%. The price is fluctuating between the $30.00 support level and the $34.00 resistance level, indicating a period of consolidation following a recent price surge. The price is hovering around the 200-period moving average at $31.99, suggesting a neutral to bullish bias as it remains slightly below this key technical indicator. The VWAP at $31.28 is also slightly lower than the current price, reinforcing the ongoing consolidation.
The RSI is at 54.40, indicating neutral conditions, with a slight tilt toward the overbought side, suggesting that the price has room for potential upside, but with caution for possible resistance at higher levels.
The MACD line is at 0.12, with the signal line at 0.04, signaling weak bullish momentum. The histogram shows positive bars, indicating that while the bullish momentum is present, it remains moderate.
Key support levels lie around $30.00. If the price breaks below this level, the next target could be around $28.00. Conversely, a break above $34.00 could push the price toward $36.00 or higher.

Disclaimer: This analysis is for informational purposes only and should not be taken as financial advice. Always conduct your own research before making trading decisions.

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