📉 $METIS /USDT Technical Analysis 📈
🔹 Current Price: $23.85
🔹 1H Timeframe Analysis
🔹 200 MA Level: $25.14 (Acting as Resistance)
🔹 RSI (14): 42.73 (Approaching Oversold)
MetisDAO (METIS) has experienced a sharp correction after reaching highs of $28. However, it found temporary support around the $23 level and is attempting a bounce.
📊 Key Observations:
✅ Price is currently trading below the 200 MA, indicating a short-term bearish trend.
✅ RSI hovering around 42 suggests that selling pressure is still present but might be weakening.
✅ If bulls reclaim the $25.14 resistance (200 MA), we could see a push toward $26–$27.
✅ A breakdown below $23 could lead to further declines toward $21.
💡 Trading Strategy:
🚀 Bullish Case: If METIS breaks above $25.14, a long position targeting $26–$28 could be favorable.
⚠️ Bearish Case: Failure to hold above $23 may trigger further downside.
📍 Key Levels to Watch:
📌 Resistance: $25.14 | $26.50 | $28
📌 Support: $23 | $21
🔎 What’s Next? Watch for a reclaim of the 200 MA or a breakdown confirmation before making moves. 📉📈
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