Here’s a short latest analysis on MET coin (Meteora — ticker: MET):
📊 Latest Price Snapshot
MET is trading around $0.24 USD, with a moderate 24-hour uptick. Market cap is near $116 M and daily volume is active (~$39 M).
📉 Recent Price Trend
Over the past 7–30 days, MET has been in a downtrend, reflecting broader altcoin weakness.
Recent uptick (+3.3% in 24 h) diverges slightly from its weekly and monthly declines.
🪙 Key Drivers
Bullish factors
$10M token buyback and utility incentives (Comet Points) helped support price and reduce circulating supply pressure.
Oversold technicals suggest potential short-term rebound.
Bearish / neutral factors
MET remains below major moving averages with weak bullish conviction.
Legal uncertainty tied to related ecosystem issues introduces risk.
🎯 Short Summary
MET is showing signs of mild recovery but remains in a broader downtrend. Buybacks and reward incentives provide some support, yet technicals and recent negative catalysts keep upside limited unless broader market strength returns.
