- The RSI line shows a bullish crossover concerning the META coin’s price
- The META/BTC pair was trading at 0.000002008 BTC with a gain of 8.28%
- The 24 hr trading volume in META is $44.7 Million
Since the start of July month, the META token price has been resonating between the $0.153 to $.0.0785 mark. This has created a consolidation range for this token. Such range usually triggers an excellent trading opportunity for the crypto trader as once the price gives a breakout from the extreme levels of this range.
Concerning the EMA’s, the META token price is trading below the 100 and 200 EMA line, indicating a bearish trend in this token.
The RSI (BULLISH) value is 52, indicating a slight bullish momentum in this token. Moreover, the RSI shows a bullish crossover in its chart, suggesting the increasing strength of the token buyers.
META Token Chart In The 4hr Time Frame
The META token in this lower time frame shows the price is preparing to bounce back from this bottom support of the range. Ideally, a price reversal from the extreme levels suggests the price will move to another end in a range. However, there are two minor resistance, $ 0.107 and $0.13, standing in the way of this rally.
The MACD indicator (BULLISH) shows both the MACD line and the signal lines have just crossed the neutral zone, indicating bullish momentum in the market.
What is a Metadium?
Metadium represents itself as an ecosystem built on public identity blockchain, with a vision to create a free world through self-sovereign identity. Their self-sovereign identity (SSI) model allows users to possess sole ownership of their online and offline identities and control the distribution and sharing of their data without a middle man.
Metadium supports user authentication and verification of personal information. It also supports the management of different aspects of an individual’s digital identities with the “Meta ID” service. ‘Keepin’ is an application from Metadium that connects end-users and service providers through Meta ID.
Conclusion: From the technical perspective, the overall trend of the META token is still sideways. However, as mentioned above, the price could bounce from the crucial of $0.078 and start rallying higher. However, a start of a new uptrend can only be considered once the price breakout from the $0.153 resistance.
Support– $0.078
Resistance– $0.0107