## MET Shows Critical Support Level Recovery



Meteora (MET) operated with volatility yesterday, showing an upward movement followed by a nighttime correction. This retracement pattern opened a new window of opportunity for entry positions, allowing traders to take advantage of the support-resistance level that remained intact. After consolidating at the base, the asset surged approximately 30% before facing pressure near a resistance zone close to the market close.

**Current Movement Dynamics**

Technical behavior reveals that MET still tests its ability to stay above the critical support of 0.5080. Those monitoring the movement note that stabilization above this level will be crucial to consider new entries. The current market context, with topics such as government shutdown and Federal Reserve communications, continues to influence risk appetite in smaller assets.

**Expanded Scenario: LSK and ALLO**

In a broader spectrum, Lisk (LSK) and Allora (ALLO) also follow the ripples of the crypto market, responding to the same macroeconomic factors affecting price formation. Observing the crypto asset ecosystem during this period suggests that any support consolidation could serve as a trigger for upcoming directional movements.

**Technical Perspective**

Successful resistance breakouts followed by a pullback to structural support form a classic accumulation pattern. This dynamic remains relevant as long as the price stays within the consolidation range, providing clarity on the next movement probabilities.
MET-5,19%
LSK-10,48%
ALLO-11,97%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)