$METIS is testing a critical support level after a sharp -5.10% decline.
Trading at $0.4432, the price is hovering just above the 24h low of $0.4406. This level now becomes crucial for any potential recovery.
Key technical levels:
Critical Support: $0.4406 (must hold)
Immediate Resistance: $0.4528 (MA7)
Recovery Target: $0.4829 - $0.5067
MET is currently trading below its MA(7), indicating short-term bearish momentum. The relatively low trading volume of $7.67M suggests limited buying interest at current levels.
A bounce from the $0.4406 support could target a retest of the MA(7) at $0.4528, while a breakdown might lead to further downside toward $0.4200. The price action at this support level will be decisive for MET's near-term direction.
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