Deep Dive
1. Technical Correction (Bearish Impact)
Overview: MET’s RSI-7 (63.05) and RSI-21 (67.69) hover near overbought thresholds, while its MACD histogram turned negative (-0.00029) for the first time in two weeks.
What this means: Traders often interpret RSI levels above 70 as overbought signals, prompting profit-taking. The MACD bearish crossover aligns with this, suggesting short-term momentum loss. However, MET remains above its 30-day SMA ($0.227), indicating underlying bullish structure.
What to look out for: A sustained break below $0.227 (30-day SMA) could signal deeper correction, while holding $0.245 (current pivot point) may stabilize prices.
2. Market Sentiment Shift (Mixed Impact)
Overview: The crypto Fear & Greed Index dropped to 39 (“Fear”) as of 30 August 2025, while Bitcoin dominance rose to 57.43% (+0.08% weekly).
What this means: Risk-off sentiment typically pressures altcoins like MET, but its 30-day outperformance (+30.6% vs. crypto market’s -2.71%) shows resilience. The Altcoin Season Index’s 62.86% monthly jump suggests capital may rotate toward smaller caps soon.
3. Volume Dynamics (Neutral Impact)
Overview: MET’s 24h volume surged 28% to $64.7M, yet prices stagnated – a divergence suggesting indecision.
What this means: Elevated turnover (1.48x market cap) typically signals liquidity but can precede volatility. The lack of clear upward momentum despite volume spikes implies balanced buyer/seller activity, possibly consolidation before next move.
Conclusion
MET’s micro-dip reflects technical cooling after a strong monthly rally, amplified by cautious crypto sentiment. The project’s recent partnerships (Future XR, Spurprotocol) and MetyaCard adoption could reignite momentum if market-wide fear subsides.
Key watch: Can MET hold above its 30-day SMA ($0.227) while Bitcoin dominance trends downward?