Metis Could Soar 250% to Record High

Metis is demonstrating promising price momentum, respecting key market structures with precision for several months, making its movements relatively easy to interpret. Alongside these established structures, Metis is also showing additional technical signals that highlight a strong buying opportunity.

For those interested in adding a high-potential cryptocurrency to their portfolio, here’s a look at the critical factors supporting this setup.

Daily time frame analysis

METISUSD - 1 Day Time Frame

The primary support for buying positions in Metis comes from its market structure, which currently maintains a bullish formation. Price action is moving within a clearly defined internal structure, signaling positive momentum.

Additionally, during recent corrections, the price has consistently stayed above the 0.5 Fibonacci retracement level, particularly near a major support zone—a sign often seen as bullish.

Confirmation of this buying setup was achieved on Wednesday, following Tuesday’s daily candle closing above a significant resistance zone that had previously limited price gains.

Metis price target

For traders aiming to capture this potential uptrend, now appears to be an ideal entry point. Effective risk management is crucial; placing the Stop Loss just below the most recent higher low within the internal structure, as shown on the accompanying chart, is advisable.

This trade includes three target levels, with the highest reaching a Buy-Side Liquidity zone above this year’s high, offering a potential gain of nearly 250%.