METIS/USDT is currently trading at $30.42, up +0.76%. The price is approaching the 200-period moving average at $32.27, which serves as a key resistance level following a period of consolidation. The VWAP is at $30.08, suggesting a slight upward movement in recent hours and indicating the possibility of continued recovery.
The RSI is at 58.10, indicating a neutral-bullish sentiment. While not in overbought territory, the indicator suggests potential for further upward movement if buying pressure increases. Additionally, the MACD is showing bullish signals, with the MACD line (0.14) crossing above the signal line (0.12), reinforcing the possibility of continued positive momentum.
The $32.00 to $34.00 range represents a critical resistance zone. If the price fails to break above this level, it could lead to a pullback. In such a scenario, the nearest support levels to watch are $28.00 and $26.00.
Traders should closely monitor how METIS interacts with the 200-period moving average. A breakout above this level could signal further upside potential, while a rejection may suggest a return to consolidation or a short-term correction.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any trading decisions.
#6thTrade #CPI_BTC_Watch #market_update
