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- 🎄 Gate Square · Christmas Warmth Creation Event
❄️ Winter is cold, but Gate Square is here to warm you up!
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3. Participants must post for a - 🚀 Gate Square Event: #GateNewbieVillageEpisode7
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#美联储恢复降息进程 This round of repair has been quite solid. On the 1-hour chart, after repeatedly testing the price at 0.4402, it finally stabilized, with Trading Volume also expanding—24-hour trading volume surged nearly 300%, and the Turnover Rate also increased, which typically indicates that funds are seriously going long.
From a technical perspective, if 0.4402 holds in the short term, the first target naturally looks towards the resistance line at 0.4511. Once this level is broken, the integer level of 0.50 will not be far off. Considering the cumulative increase of over 16% in the past week, the probability of a continuation of the trend is increasing.
The cryptocurrency market sentiment is indeed warming up by the end of this year, and the DeFi sector is attracting a new influx of funds. MET, as a DEX concept target, happens to align with this trend. However, caution is warranted: profit-taking often lurks near historical highs, and there may be selling pressure in the range of 0.45-0.46. The key is whether the subsequent trading volume can continue to keep up.
Currently, the price, Trading Volume, and narrative are all in a positive cycle. As long as the support level is not broken, the go long pattern should be able to maintain in the short term. Next, focus on the strength of capital support when breaking through the resistance level; $MET may still have further performance space.