METIS Coin Weekly Analysis And Price Prediction

This article will analyze the METIS coin according to www.coinmarketcap.com data. First, we will discuss the METIS coin and its projects and make technical and graphic analyses. The analysis we will do in the weekly period will help the investors to take risks and manage their portfolios.

What is METIS Coin?

METIS Coin is an Ethereum-based cryptocurrency that aims to provide a platform for developing decentralized applications (DApps) along with blockchain infrastructure and smart contracts.

What are the projects of METIS?

The projects associated with METIS Coin may include:

METIS Platform: METIS facilitates the development of decentralized applications by offering user-friendly tools and development frameworks. It provides an environment that enables developers to create DApps with low costs, scalability, and usability.

METIS DApp Ecosystem: METIS Coin creates an ecosystem where developers from various sectors can build decentralized applications. It encourages the development of DApps in finance, healthcare, gaming, and more.

METIS Network: METIS Coin offers solutions to enhance the speed and scalability of transactions on the blockchain. It employs various scaling technologies to provide high transaction speeds, low fees, and a user-friendly experience.

Factors Influencing METIS Price

Factors that may influence the price of METIS Coin are generally similar to those in the cryptocurrency market. These factors can include:

Market Demand: The price of METIS Coin can vary based on the level of demand in the market. Investors and users can increase or decrease the demand for METIS Coin.

Overall Cryptocurrency Market: General trends and fluctuations in the cryptocurrency market can impact the price of METIS Coin. For example, the performance and popularity of Bitcoin can affect the prices of other altcoins.

Technological Developments: Technological advancements related to METIS Coin can increase the adoption and usage of the platform. Announcements of new features or partnerships can have an impact on the price.

Regulation and Government Policies: Cryptocurrencies can be influenced by regulations and government policies. Positive or negative regulatory news can lead to price fluctuations for METIS Coin.

News and Progress related to the Project: Updates and developments specific to METIS Coin can also affect its price. News about project milestones, partnerships, or significant advancements can impact the market sentiment and price.

It’s important to note that the cryptocurrency market is highly volatile and influenced by various factors, so caution should be exercised when considering investments.

METIS COİN TECHNICAL ANALYSIS

METIS coin, which depreciated by 92% from $ 173.64 to $ 14.03 in three months from March 2022 to June 2022, is currently traded at $ 24.04, although it has risen to $ 44.50 twice with purchases in the market.  According to www.coinmarketcap.com data, METIS, which has a size of $107,713,868, has had a volume of $4,720,996 in the last twenty-four hours.

METIS Chart Analysis

Within three months, the METIS coin lost 92% of its value in March-June 2022, falling from $173 to $14. After that, METIS, which rose to the $44.50 resistance level twice, failed to break this resistance level and turned it down again. We can say that the METIS coin, which I examined by examining its weekly chart, is very close to the $23.07 support zone (currently $24.04). If it breaks down the $23.07 support zone, the selling pressure will continue increasing, and we may experience a pullback to $16.24. As $23.07 stays above the horizontal support, our initial target will be $32.

This article does not certain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their research when deciding. This article does not include investment advice or suggestions. Every investment and trading move involves risk, and readers should perform their analysis when determining.

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