METAL is currently trading at $0.381 and displaying a classic falling wedge pattern on the chart—a technical setup that often precedes bullish breakouts. The narrowing price range between the lower and upper trendlines suggests accumulation phase dynamics, where buyers and sellers are gradually converging. If volume uptick materializes during the breakout, traders are eyeing a potential move toward the $0.510 resistance level. Of course, sustained volume is crucial here; without proper buying pressure, the pattern could fizzle out. The setup presents an interesting risk-reward for those monitoring the token's near-term price action.

MOVE-7,56%
TOKEN-6,48%
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
  • 7
  • Repost
  • Share
Comment
0/400
SnapshotDayLaborervip
· 20h ago
Wedge patterns and the like, sound pretty professional? But the real question is, can the trading volume keep up...
View OriginalReply0
0xSoullessvip
· 01-19 19:11
Another falling wedge. Will it really break this time? I bet that big funds of fifty cents are still sleeping right now.
View OriginalReply0
GateUser-a180694bvip
· 01-19 19:11
It's finally happening, is it really going to rise this time? Or do we have to wait for volume again...
View OriginalReply0
fomo_fightervip
· 01-19 19:10
Is the wedge breakdown really reliable, or is it just another scam to harvest retail investors?
View OriginalReply0
SatoshiNotNakamotovip
· 01-19 19:09
Wedge pattern, I've seen this trick too many times, 99% of the time it's a scam line.
View OriginalReply0
MevTearsvip
· 01-19 18:59
Wedge pattern again, huh? Same old story. Can the trading volume keep up?
View OriginalReply0
OnchainGossipervip
· 01-19 18:41
The falling wedge is back. Can it avoid crashing this time? The move from 0.381 to 0.51 feels a bit risky.
View OriginalReply0
  • 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)