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MET is currently on a stepwise rebound path. The price is hovering around 0.329, right at a key area involving the short-term, 25-hour, and 99-hour moving averages—slightly below the ultra-short-term MA but still above the 99-hour MA. So what's the current stance? Mildly bullish, but a bit uncertain.
If it can break cleanly above the 0.345 to 0.355 range (the previous spike reached 0.3547), then the upside opens up, and 0.37 or even 0.40 is within reach. Immediate support is around 0.320, which is right at the 99-hour moving average, with stronger support at the previous low of 0.2867.
As for trading volume, there was indeed buying interest during the rally, but it has gradually faded since. To sustain this upward trend, new buyers need to step in, and the price must hold steadily above the short-term moving averages.
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If it can't break 0.345, it's all for nothing. What are we even hoping for?
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The short-term moving averages need to hold. If it drops below, we'll be back to where we started.
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Where are the new buyers? Relying only on yesterday's momentum definitely isn't enough.
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I don't even dare think about 0.37. Let's just stabilize at 0.32 first.
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This rebound feels like a last gasp; the trading volume says it all.
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A "stair-step" rebound sounds nice, but it really just means there's no strength. Let's wait and see.