$MET — sharp reset, price trying to stabilize
$MET is trading around 0.2358, slightly red on the session at −0.38%.
The last 24 hours saw a high near 0.2511 and a low around 0.2340, keeping price compressed after a strong sell-off.
The structure shows a clear momentum shift. After the aggressive spike toward 0.360, price failed to build acceptance at higher levels and rolled over hard. The breakdown was fast and emotional, followed by a slower grind lower — a common pattern when early buyers exit and late entries get trapped. Volume expanded during the drop, confirming distribution rather than a healthy pullback.
Price recently swept liquidity near 0.224, then bounced modestly. That reaction suggests short-term demand is present, but the rebound lacks strength so far. The market is no longer panicking, but it hasn’t regained confidence either.
Key Levels
Support sits at 0.224 – 0.217, the zone that must hold to prevent another leg down.
Resistance stands at 0.247 – 0.260, then higher near 0.307, where the breakdown accelerated.
Trend
The 4H trend remains bearish, with lower highs and weak recoveries dominating the structure.
Trade Idea
If $MET holds 0.224 and reclaims 0.247 with rising volume, a relief move toward 0.260 – 0.280 becomes possible.
If 0.217 fails, downside continuation remains the higher-probability scenario.
Right now, this looks like a market catching its breath after excess — waiting to see if buyers are ready to step in, or if sellers still control the pace.
