In this Metis technical analysis, we will examine the current price action, trading volume, key levels and indicators for METIS-BTC. Metis is a decentralized platform that utilizes blockchain technology to provide users with a secure and transparent way to manage their digital assets. With its innovative smart contract system, Metis enables the creation of customizable and interoperable decentralized applications (dApps) for various industries. By leveraging the power of Metis’ distributed ledger technology, users can enjoy enhanced security, transparency, and control over their digital assets.
Metis Price Overview:
As of May 10, 2024, Metis is trading at approximately 0.00097 BTC. Let’s dive into the detailed price action for METIS-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.00098 |
| High (H) | 0.00098 |
| Low (L) | 0.00096 |
| Close (C) | 0.00097 |
| Volume (C) | 2,243.18 |
- Open (O): The opening price for today’s trading session was approximately 0.00098 BTC.
- High (H): Metis reached a daily high of around 0.00098 BTC.
- Low (L): The daily low for METIS-BTC was approximately 0.00096 BTC.
- Close (C): At the time of analysis, Metis is trading near its daily close of 0.00097 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.51% |
| 3D Change (%) | 4.08% |
| 7D Change (%) | -1.12% |
| 30D Change (%) | -24.59% |
| 90D Change (%) | nan% |
| YTD Change (%) | -23.58% |
Over the past three days, METISBTC has risen by approximately 4.08%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -1.12%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with METISBTC maintaining a downward trend of approximately -24.59%, despite intermittent fluctuations. Examining the last 90 days, METISBTC has witnessed substantial fall of approximately nan%, reflecting strong long-term confidence. Year-to-date, METISBTC has steadily depreciated by around -23.58%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Metis Live Chart:
You can access a live price chart for METIS-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.48825.
- Momentum score is -0.00206.
METIS BTC Technical Analysis
Metis Trading Volume:
The trading volume for Metis (METIS) over the past 24 hours has been insignificant, with approximately 2,243.18 BTC traded against METIS. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): METIS is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Metis is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for METIS-BTC is currently in the low zone, around 34.45968. This suggests that Metis is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Metis (METIS-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Acknowledge bearish outlook for Metis (METISBTC) at 9.69e-04 BTC with technical analysis, emphasizing weakened support and cautionary indicators.
Take the next step in your exploration by delving into our detailed insights on METIS USDT Metis Technical Analysis; it’s a natural follow-up if you enjoyed this post.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.