METIS USDT Metis Technical Analysis

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By Frans van Elst

Metis logo In this Metis technical analysis, we will examine the current price action, trading volume, key levels and indicators for METIS-USDT. Metis (METIS) is a decentralized platform that utilizes blockchain technology to facilitate the creation and execution of smart contracts. It enables developers to build and deploy decentralized applications (dApps) with ease, providing a seamless user experience and enhanced security. With Metis, users can enjoy secure and transparent transactions, empowering them to take control of their digital assets and data.

Metis Price Overview:

As of June 17, 2024, Metis is trading at approximately 58.01 USDT. Let’s dive into the detailed price action for METIS-USDT:

Delve into potential challenges for Metis (METISUSDT) at 58.01 USDT, guided by bearish technical analysis emphasizing weakened support and cautionary indicators.

Metric Value
Open (O) 60.59
High (H) 61.03
Low (L) 56.76
Close (C) 58.01
Volume (C) 42,989.28
  • Open (O): The opening price for today’s trading session was approximately 60.59 USDT.
  • High (H): Metis reached a daily high of around 61.03 USDT.
  • Low (L): The daily low for METIS-USDT was approximately 56.76 USDT.
  • Close (C): At the time of analysis, Metis is trading near its daily close of 58.01 USDT.
Metric Value
1D Change (%) -4.34%
3D Change (%) -1.49%
7D Change (%) -9.20%
30D Change (%) -5.44%
90D Change (%) -35.38%
YTD Change (%) -33.67%

Over the past three days, METISUSDT has decreased by approximately -1.49%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -9.20%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with METISUSDT maintaining a downward trend of approximately -5.44%, despite intermittent fluctuations. Examining the last 90 days, METISUSDT has witnessed substantial decrease of approximately -35.38%, reflecting strong long-term confidence. Year-to-date, METISUSDT has steadily depreciated by around -33.67%, 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-USDT 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 0.49658.
  • Momentum score is -0.26196.

METIS USDT Technical Analysis

Metis Trading Volume:

The trading volume for Metis (METIS) over the past 24 hours has been significant, with approximately 42,989.28 USDT 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-USDT is currently in the low zone, around 39.83045. This suggests that Metis is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Metis (METIS-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and significant trading volume are low signals for potential downward movement.

Delve into potential challenges for Metis (METISUSDT) at 58.01 USDT, guided by bearish technical analysis emphasizing weakened support and cautionary indicators.

For a deeper dive into the subject, don’t miss our comprehensive analysis on METIS BTC Metis Technical Analysis if you found this post intriguing.

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.

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