Meteora price eyes $0.60 as rally extends following Crypto.com and Coinbase listings
Meteora (MET) surged 28% in price, testing $0.50 with potential to reach $0.60, driven by new listings on Crypto.com and Coinbase Perpetuals, as well as its recent product launch. Overbought RSI levels and maxed volatility suggest a risk of pullback, though elevated trading volumes and technical signals could support continued momentum. Community discussions highlight MET generating trading fees comparable to Uniswap, despite having just a tenth of Uniswap's market cap.
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Meteora Price Surge: Key Highlights
Meteora price is surging by 28%, currently testing the $0.50 level with elevated trading volume. There is potential for the price to test $0.60, although pullback risks remain high due to overbought conditions and maxed-out volatility.
Round Bottom Breakout and Momentum Continuation
Meteora's price recently broke out of a rounded bottom formation between the $0.33–$0.40 range. The price is now testing the psychological resistance of $0.50, potentially heading towards a retest of $0.55–$0.60, provided momentum holds strong. The previous resistance at $0.40 has flipped into support on the 4-hour (4H) timeframe, which is a significant technical signal for continuation.
Technical Indicators Highlight Volatility and Risk
Technical analysis shows the Relative Strength Index (RSI) at an elevated level of 77, indicating overbought conditions. Volatility is maxed out, raising the risk of a pullback. However, the Bollinger Bands Width Percentile (BBWP) coupled with elevated volume suggests the possibility of a continuation spike toward $0.55 and $0.60. The 9 Exponential Moving Average (EMA) is acting as dynamic support, and if price dips, buyers are expected to defend the $0.40 level to maintain the breakout structure.
Catalysts Behind the Breakout
The price surge coincides with a series of bullish catalysts, including recent listings on Crypto.com and Coinbase Perpetuals. Additionally, Meteora’s product suite launch, particularly the Meteora Invent launchpad as part of its token generation event on October 23, has added to the momentum. The launch of perpetual futures trading for Meteora ($MET) is set to begin on October 30, 2025, further reinforcing the positive market sentiment.
Community Discussions and Market Comparison
The Meteora community is actively discussing how the platform is generating trading fees nearly equal to Uniswap, despite having a market cap only a tenth of Uniswap’s size. A user highlighted: "Generating the same fees, with a 400M valuation, while keeping up with protocols that have been around for years." This discrepancy in valuation and fee generation has gone largely unnoticed, but it underscores the undervalued status of $MET.
Potential Risks and Future Outlook
While the price outlook for Meteora ($MET) remains bullish, the elevated RSI levels, volatility, and profit-taking risks could lead to a short-term pullback. However, sustained volume and technical support at $0.40 may help maintain the upward trend. As the perpetual markets launch and community buzz continues, traders are advised to stay vigilant about potential market corrections.