Meteora (MET) Soars 36% In 24 Hours

Meteora (MET) experienced a significant rally over the past 24 hours, capturing considerable momentum. The cryptocurrency is currently priced at $0.537269, reflecting a 36.25% increase. With a market capitalization of $262 million, MET ranks 262nd by market value and has seen a 24-hour trading volume exceeding $220.71 million, indicating strong investor interest. Trending lists and increasing liquidity are key factors driving this surge, as the broader crypto market exhibits a slight increase of 0.17%.

Over the last 24 hours, MET’s price fluctuated from a low of $0.388179 to a high of $0.556376. This 36.25% daily gain builds upon a 7-day performance of 61.25%, while the 30-day change remains at 0.00%. The 43.33% volatility underscores market uncertainty, although the high trading volume suggests robust demand. The coin’s trending status has fueled its price via increased visibility across social media and search engines. A high volume/market cap ratio of 83.83% supports liquidity and investor interest.

MET’s 7-day Simple Moving Average (SMA) is located at $0.701802, below the current price of $0.537269, potentially indicating a short-term correction. The 30-day SMA balances at exactly $0.537269, providing stability. The all-time high (ATH) reached $0.686913, currently 19.67% above the current price. Support sits around $0.388179, with resistance near $0.556376, potentially leading to a move towards $0.686913. The overall trend remains upward, backed by strong momentum and increased volume. The 24-hour trading volume of $220.71 million confirms rising demand.

The total market capitalization of the global crypto market is currently $3.62 trillion, with a 0.17% increase over the last 24 hours, signaling slight optimism. Bitcoin’s dominance remains at 57.78%, while Ethereum’s share stands at 11.82%. Within this context, MET’s market capitalization of $262 million places it as a mid-sized player. Meteora (MET) led the rally with a 36.25% gain over the past 24 hours, influenced by trending status and the success of Circle’s USDC. Technical indicators support the uptrend, although high volatility warrants caution.

This article does not constitute investment advice. All investment and trading decisions carry risk, and readers should conduct their own research before making any decisions.

Source: www.coinkolik.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.