Absolutely — METIS is showing real strength today 🔥
Here’s a clean breakdown of what’s happening and how to think about it:
📈 Price Action Snapshot
+21% in 24h → strong impulsive rebound
Current: ~$6.48
High / Low: $6.92 / $5.24
Clear downtrend break with volume expansion → this is key (not a dead-cat bounce)
🔍 Technical Read
Strong bullish engulfing structure after prolonged compression
Volume confirms real demand, not just thin liquidity
Previous resistance around $6.80–$7.00 now the main test
Holding above $6.00 keeps momentum bullish short term
Key levels to watch:
Support: $6.00 → $5.60
Resistance: $6.90 → $7.80
Break & hold above $7 could open a fast move toward $8.50–$9.00
🧠 Narrative Check (Why now?)
Layer 2 + AI narrative → still hot
METIS was heavily discounted vs previous cycle highs
Holiday period often brings thin liquidity + momentum continuation
Looks like smart money re-entry, not retail FOMO (yet)
🎄 Holiday Outlook
I’d call this cautiously bullish into the holidays:
✅ Momentum + volume aligned
⚠️ Expect pullbacks after a +20% day — healthy, not bearish
Best approach:
Traders: wait for a pullback + higher low
Holders: as long as price stays above $5.80–$6.00, trend remains constructive
📌 Bottom line:
This rebound looks technically valid, not random. If METIS consolidates instead of dumping, it has room to extend.
Keep an eye on $7 — that’s the gate 🚪
Bullish bias intact for now 🟢
#USCryptoStakingTaxReview #USGDPUpdate #Binanceholdermmt #Binanceholdermmt #WriteToEarnUpgrade $BTC $BNB