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The Metis DAO token has appeared as one of the top-gaining tokens today, with its price increasing by 6.26%. As a result, it has secured the second spot on the list of top crypto gainers for the day. The price action of the token maintains a favorable position on the chart, suggesting the potential for further upward movement in the market.
Metis DAO Statistics:
METIS Price: $45.10
Metis DAO Market Capitalization: $273.18 million
METIS Circulating Supply: 6.10 million
Metis DAO Total Supply: 10 million
METIS CoinMarketCap Rank: 181
Key Price Levels:
Resistance: $50.00, $55.00, $60.00
Support: $40.00, $35.00, $30.00
METIS Price Action Consolidates But Has Bullish Prospects
The price of the Metis DAO token has remained above the middle bands of the Bollinger Bands indicator. This has been the case since the market broke through the middle Bollinger Band ten sessions ago. In today’s session, the price increased further above the middle Bollinger Band.
The Bollinger Bands themselves are showing a slight upward trajectory, which seems to reflect recent trends in the market. The Stochastic Relative Strength Index (Stochastic RSI) lines have fallen below the indicator’s 80 mark. However, if buying activity increases, a crossover could occur before the indicator lines reach the 60 mark.
Metis DAO Buyers Are Growing More Confident
The 4-hour chart for the METIS token reveals that buyers are gaining momentum. Prices have risen above the middle limit of the Bollinger Bands. Additionally, the latest price candle on the chart has turned green and is sitting just above the middle limit of the Bollinger Bands.
Likewise, the Stochastic RSI lines have started rising from the oversold region, indicating that bullish momentum is building. At this point, indicators suggest that the market is positioned for continued upward retracement. Therefore, market participants can still use crypto signals targeting price levels below the $50.00 threshold.
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