Financial expert analyzes: Metis price rises rapidly by 844% - golden ratio resistance in sight

Financial expert analyzes: Metis price rises rapidly by 844% - golden ratio resistance in sight

According to a report by de.beincrypto.com,

Since last Saturday, the coin Metis has risen in price by over 117% and has recorded price gains of around 400% over the course of the month. With a market capitalization of around $380 million, the token is currently ranked 158th in the market cap ranking and has a daily trading volume of around $42 million.

The rapid rise of Metis Coin since September, with a price increase of around 844%, indicates great interest and demand. The current price is approaching the Golden Ratio resistance at $112 and a monthly close above would send further bullish signals. If this resistance is broken, further significant resistance areas could follow between $135 and $174.

Technical analyzes also show that the coin shows bullish signals in the weekly and daily charts, but has been in a corrective movement since the day before yesterday. The EMAs on the 4H chart confirm a bullish trend in the short term, although the RSI is in neutral areas and the MACD lines are bearishly crossed.

The price against Bitcoin also rose by over 343% during the month and is at a new all-time high. These developments show that Metis Coin is currently performing strongly and has attracted investor interest.

As a financial expert, it is important to analyze these developments in the crypto market. Metis Coin's rapid rise indicates strong bullish sentiment supported by technical analysis. This could lead to more investors entering the market and further boosting the coin. However, it is also important to consider the market's volatile movements and monitor the risks of a sudden correction or trend reversal.