Metis Modest Gains Face a Setback

The Metis token currently holds the second spot on today’s top crypto gainers list. However, the coin has only recorded minimal gains. While the token has seen a price increase of 2.02%, it is evident that price action in this market is currently encountering resistance.

METIS Statistics

Current Price: $15.00

Market Capitalization: $100.96M

Circulating Supply: 6.42M

Total Supply: 10M

CoinMarketCap Rank: 318

Key Price Levels

Resistance: $17, $19, $21

Support: $15, $13, $11

Metis Sees a Rejection but Stays Afloat

As noted earlier, the METIS market experienced a moderate upward retracement in the previous session. This movement pushed the market above the 9-day Exponential Moving Average (EMA) line. However, the most recent price candle is bearish, although it still stands above the 9-day EMA curve.

At the same time, the Moving Average Convergence Divergence (MACD) lines continue on a slight upward trajectory. The MACD histogram bars remain solid green above the equilibrium level, indicating that bullish momentum is still present despite the pullback observed in the ongoing session.

METIS Rejection Holds Above Key Levels

An examination of the Metis market on the 4-hour chart reveals that price action has struggled to breach the $16.00 level. As a result, the price has been hovering just below this psychological barrier. The latest price candle also appears red but is still positioned above the 9-day EMA curve.

Moreover, the MACD lines remain above the equilibrium level, and the histogram bars are also holding above it, though they have turned a pale green—signaling a short-term slowdown in bullish momentum. Nevertheless, bullish traders may target the $16.50 or $17.00 price levels for potential short-term gains.

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