Metis Price Prediction: 2024, 2025, 2030

METIS price prediction: Key highlights

1. Primary support and resistance levels

• An analysis of the weekly chart showcased that METIS had touched its lowest support at $11.43.
• Subsequently, the highest resistance level for this token is expected to be around $160.

2. Market sentiment

• The overall market sentiment is seen to be bullish in April 2024.

3. Predictive forecasts

• Our AI/ML predictive models have projected that METIS may reach an average value of $236 by 2031. Furthermore, it may rise to touch an average value of $424 by 2033.

Given below is a comprehensive weekly technical analysis of METIS, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

METIS technical analysis: Bulls try to rally amidst consolidation 

The Metis price prediction for 2024 considers the token's performance over the previous year, reflecting investor sentiment, market volatility, and various other pivotal factors.

Throughout the early phase of the analyzed time frame, starting in April 2023, METIS displayed resilience by maintaining a position above the critical support level of $27.62. As the weeks unfolded into mid-April, an increase in buying pressure resulted in price rejection at the above level. This has catalyzed a bearish trend, precipitating a decline in METIS' value. 

The token continued to experience downward pressure, eventually breaching the $18.33 support threshold and descending to establish a new support level at $11.43 by September's midpoint.

This bearish phase was short-lived, as September 2023 marked the beginning of a robust reversal, with bullish momentum propelling METIS upward. The token rallied to retest the $18.33 level by November. Despite facing a slight setback, the bullish vigor was strong, and METIS climbed aggressively, surpassing the $84.89 barrier by the close of 2023.

Entering 2024, the bullish narrative strengthened, with METIS breaking the significant $100 psychological level to reach a peak at $113.92—this period's highest resistance point. After attaining this peak value, METIS underwent a retracement that saw its value dip below $84.89 in mid-January.

The subsequent period in February saw METIS trading within a tight consolidation range, marked by the interplay between bullish and bearish forces, as the price oscillated between $84.89 and $113.92. 

At the time of writing, METIS was trading at $96.45, which signified that the market underwent a state of equilibrium following the recent high and the corrective pullback. Over the past year, the token showcased a commendable growth trajectory. 

According to CoinMarketCap, METIS has witnessed a 246% price appreciation over the past year. Furthermore, its trading volume has grown 58% over the last 24 hours, indicating buyers have been optimistic about this altcoin.

If the bulls continue to exert pressure, METIS may grow higher and touch the $125 mark within the next few weeks. Furthermore, a sustained bull rally may take the price higher to touch the $160 mark, a significant level that has not been breached in over two years, within the upcoming months.

However, if the bears take over the market, the price of METIS will likely plummet until it touches the $84.89 support level. A sustained bearish rally may push the price even lower, but it is unlikely that it will fall to its former lows and touch the support level at $27.62.

Looking at the bigger picture, METIS’ trajectory seems to be positive. Our AI/ML models have predicted that the token may reach an average value of $236 by 2031 if it upholds significant resilience in the face of a downtrend. Furthermore, if new developmental changes occur within this cryptocurrency network and attract more investors toward the token, METIS’ value may surge even higher to touch an average value of $424 by 2033.

METIS' 2024 roadmap: Key indicators to watch and trade

• At the onset of the analysis period, METIS’ trading volume was notably low. This continued until mid-September, after which it significantly recovered.
• As 2024 commenced, the trading volume spiked even higher. At press time, METIS’ trading volume had dipped from its recent high. However, it did not plunge to its previous lows, which indicated moderate buyer interest in the token.
• At the start of the analysis, the Awesome Oscillator (AO) was above the neutral line. However, its value was comparatively low, which signified a weak bullish momentum. By May 2023, the AO dipped below the neutral line. 
• The AO showcased a major recovery, surpassing the neutral line by November 2023. At the time of writing, the AO value stood at 49.64, which signified a strong and sustained buying pressure. This further indicated that METIS was undergoing a strong bullish rally.
• The On-Balance Volume (OBV) value remained negative and stagnant until September. After a minor dip in October, the OBV value finally began rising.
• By the end of 2023, the OBV spiked considerably. However, a sudden plummet was noticed by the end of January, after which the OBV rose again. By mid-March, the OBV faced another significant plunge in value. At press time, the OBV stood at 2.412 million, which could be a bullish sign for the token.