Meteora (MET) Eyes $0.60 as Momentum Builds After Major Exchange Listings
Meteora (MET) has seen an explosive surge in value, gaining over 28% within a single day and reaching the $0.50 mark, as trading volume more than doubled. A powerful combination of technical and fundamental catalysts has positioned the token to potentially retest the $0.60 level, though signs of overheating suggest caution may be warranted in the short term.
Technical Breakout Signals Bullish Continuation
Over the past few weeks, MET formed a rounded bottom pattern, consolidating between $0.33 and $0.40. The recent breakout above the $0.40 resistance flipped this level into a supportive base, as confirmed on the 4-hour chart. This move was accompanied by significant buying activity, pushing the price to challenge the psychologically significant $0.50 level.
The current zone also aligns with a critical resistance area from late October, where MET previously lost momentum and dropped to the $0.30 range. With the Relative Strength Index (RSI) now hovering at 77 — well into overbought territory — and volatility indicators such as Bollinger Band Width Percentile (BBWP) peaking, the risk of a short-term pullback has increased. Despite this, historically, high BBWP combined with strong volume can precede another leg higher.
Short-Term Support and Resistance Levels
Key support is now located at the previous breakout level around $0.40, while dynamic support from the 9-day Exponential Moving Average (EMA) has so far prevented deeper retracements. If profit-taking drives prices below this moving average, bulls are expected to defend the $0.40 level vigorously, as it represents the structural foundation of the recent rally.
On the upside, a confirmed break above $0.50 would open the door for a potential retest of $0.55 and $0.60, marking a full recovery from the October downturn and possibly initiating a new bullish phase.
Listings on Major Exchanges Fuel Investor Optimism
The latest price action is largely attributed to a wave of positive news, especially MET’s inclusion on two prominent platforms — Crypto.com and Coinbase Perpetuals. Such listings dramatically enhance token visibility, liquidity, and credibility, often acting as a catalyst for price rallies.
Coinbase’s announcement of the MET-PERP (perpetual futures) market, scheduled to begin trading on or after October 30, 2025, further boosted sentiment. These derivatives allow traders to enter leveraged positions, increasing speculative interest and potentially driving both volume and volatility.
Product Expansion and Ecosystem Growth
In addition to exchange listings, Meteora’s recent launch of the “Meteora Invent” launchpad as part of its token generation event on October 23 has added fuel to the bullish narrative. The new platform aims to support decentralized fundraising and token rollouts, positioning Meteora as more than just a DEX (decentralized exchange) — it is evolving into a complete DeFi ecosystem.
The project’s ongoing development and product diversification signal long-term vision and utility, both crucial for sustained valuation growth in the competitive crypto landscape.
Undervalued Relative to Peers
A growing narrative within the crypto community revolves around MET’s valuation compared to established players like Uniswap. Despite generating nearly equivalent fee revenue, Meteora’s market capitalization remains a fraction — approximately one-tenth — of Uniswap’s.
This apparent undervaluation has caught the attention of savvy investors and analysts, many of whom believe the price of MET could be significantly mispriced relative to its revenue generation. If the project maintains or increases its current fee structure, a revaluation could be imminent.
What’s Next for MET?
Looking ahead, several scenarios could unfold:
1. Bullish Continuation: If MET holds above $0.50 and volume remains elevated, the next logical resistance levels are $0.55 and $0.60. A clean break above $0.60 would likely attract even more momentum traders and institutional attention.
2. Consolidation Phase: Given the overheated technical indicators, a short-term consolidation or minor correction back toward $0.45 or $0.40 is possible. Such a move would allow indicators to reset while preserving the bullish structure.
3. Deeper Pullback: If broader market sentiment turns negative or MET fails to hold key support at $0.40, a retracement toward the $0.35 region could occur. However, this scenario appears less likely unless triggered by external macro or regulatory developments.
Fundamental and Technical Alignment
The key strength of MET’s current rally lies in the alignment of fundamental events — exchange listings, product launches, and revenue growth — with strong technical signals. This convergence often results in sustained market interest, unlike rallies driven solely by hype or speculation.
Risks to Watch
While the outlook remains optimistic, investors should remain aware of potential risks, including:
– Overbought Conditions: RSI and BBWP suggest that the market could be due for a breather.
– Market Volatility: Broader crypto market corrections could drag down even strong performers.
– Liquidity Gaps: Despite increased volume, sudden drops in liquidity can lead to sharp price swings.
Long-Term Potential
Beyond short-term price targets, Meteora is shaping up to be a serious contender in the DeFi space. Its ability to generate fees on par with leading protocols, combined with continuous innovation, positions it well for long-term growth. If the team continues to execute and attract users, MET could evolve into a core asset for DeFi investors.
Conclusion
Meteora’s recent surge to $0.50 reflects growing investor confidence, fueled by strategic exchange listings, ecosystem expansion, and impressive revenue metrics. While technical indicators warn of a possible short-term cooldown, the broader trend remains firmly upward. Should MET break above $0.60, it could mark the beginning of a more extended rally, driven by both institutional and retail interest in this under-the-radar DeFi player.