The cryptocurrency Meteora (MET) has increased by more than 10% over the past 24 hours, thanks to increased market interest and strong network activity. Currently, the token has bounced off the key EMA support at $0.30. The growth amounted to 10%. This movement indicates a recovery of control by buyers, which has attracted new investor attention, activating trading activity. This increase occurred against the backdrop of a recent breakout of the token from a long-term consolidation pattern. MET continues to trade above all key EMAs, suggesting a likely further rise as bullish sentiments are likely to be supported.
One of the main factors contributing to the growth is a sharp increase in network usage. At the time of writing, the trading volume on DEX reached $187 million, confirming the trend. Moreover, the number of active wallets per day reached a new weekly high of 175,000, signaling increased interest in the ecosystem. The total trading volume of the token also increased, amounting to $61.99 million, which is four times higher than previous figures. This confirms the strength of the current movement and growth dynamics. Experts are wondering: can these positive sentiments sustain the bullish trend?
In conclusion, the growth of DEX activity, the increased number of active addresses, and the fourfold increase in trading volumes create a constructive picture for MET. If these indicators continue to improve and buyers defend the recent breakout, the token may extend its bullish trend and test the next resistance level around $0.41.
This material is prepared solely for informational purposes and does not constitute financial advice or a recommendation.
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