On the 1D timeframe, MET/USDT is still in a clear downtrend, characterized by consistent lower highs and lower lows since its previous peak.
However, current price action shows:
Price is starting to form a base / consolidation at the lows.
A clear descending trendline resistance (yellow line) that has been tested multiple times.
Price is approaching a key breakout area around 0.1545.
—
📐 Pattern Analysis
🔻 Descending Triangle / Descending Structure
Lower highs forming a descending resistance line.
Relatively strong horizontal support around 0.13 – 0.14.
Typically a bearish continuation pattern, but if broken to the upside → can lead to a strong reversal.
Additionally, there is also a potential:
🔄 Base Accumulation
Sideways movement below resistance.
Indicates possible accumulation before a larger move.
—
🚀 Bullish Scenario
Bullish confirmation occurs if:
Price breaks out above the descending trendline
Successfully closes above:
0.1545 (key initial resistance)
🎯 Upside targets:
0.1710
0.1860
0.1975
0.2300 (major resistance)
📌 Additional confirmation:
Increasing volume during breakout
Successful retest of 0.1545 as new support
👉 This could signal an early trend reversal / relief rally after a prolonged downtrend.
—
🐻 Bearish Scenario
Bearish continuation remains valid if:
Price fails to break the trendline
Or faces strong rejection at resistance
📉 Downside targets:
0.1350
0.1238 (previous low)
If breakdown occurs → potential for new lower lows
⚠️ A breakdown from the base confirms continuation of the downtrend.
—
⚖️ Conclusion
The structure remains bearish, but momentum is weakening.
Current area is a key decision zone.
Breakout = strong bullish opportunity
Rejection = continuation of bearish trend
#METUSDT #CryptoAnalysis #TechnicalAnalysis #Altcoin #BreakoutSetup #DescendingTriangle #CryptoTrading #BullishScenario #BearishScenario #PriceAction #SupportResistance #Trendline #CryptoMarket