METIS/USDT Chart Analysis and prediction 🔥
Bollinger Bands (BB) Indicator
• The price of METIS/USDT is sitting at $47.06, and the upper Bollinger Band is at $46.45, indicating that the price is currently slightly overbought. This suggests potential profit-taking or pullback, especially as it touched the 48.21 resistance level.
Relative Strength Index (RSI) Analysis ⚖️
• The RSI(6) is 83.38, which signals overbought conditions, indicating that the market could be ready for a correction or consolidation.
• RSI(12) at 75.01 and RSI(24) at 70.59 also show overbought zones, reinforcing the potential for a near-term pullback.
MACD Indicator 📉
• The MACD (Moving Average Convergence Divergence) shows a slight bullish divergence, with DIF at 1.80 and DEA at 1.77. This confirms the strong upward momentum, but the low MACD of 0.03 suggests that the momentum could slow down soon.
👨⚕️Doc’s prediction
• If the bullish momentum continues, METIS could potentially break the next resistance level at $49.29.
• In the case of a pullback, look for $41.42 as a key support level where buyers might step back in.
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