METIS/USDT Bullish Momentum Continues, Testing Resistance
$METIS

METIS/USDT is currently trading at $32.31, up by +1.54%, showing strong bullish momentum as it breaks above a key resistance level near $31.30, confirmed by a push above the 200-period moving average, which stands at $32.16. The price is also trading slightly above the VWAP, indicating continued buying pressure.

The RSI is at 71.96, suggesting that the market is entering overbought territory. While this shows strong bullish momentum, it could also imply a potential pullback or consolidation as buyers may start taking profits.

The MACD is bullish, with the MACD line at 0.44 above the signal line at 0.25. The histogram is positive, supporting the bullish bias and showing increased upward momentum.

Key resistance levels to watch are $35.00 and $37.50. If the price breaks above these levels, further gains toward the $40.00 range could be seen.

On the downside, immediate support lies near $31.00, with stronger support at $30.00. A failure to hold these levels could lead to a retracement toward the previous consolidation zone around $28.00.

The recent breakout is supported by increasing volume, adding strength to the bullish move, though traders should remain cautious as the price approaches overbought conditions.

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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