METIS +132.36% in 24 Hours Amid Short-Term Volatility

On SEP 2 2025, METIS surged by 132.36% within 24 hours to reach $15.52. However, the token has experienced a sharp correction in the short term, with a 978.2% decline over seven days. Over a one-month period, it has dropped by 365.01%, and by 6384.89% in the past 12 months. The significant short-term rebound contrasts sharply with the longer-term bearish trend, raising questions about the sustainability of the recent move.

The recent rally suggests a possible reversal in short-term momentum, though it remains isolated from broader market sentiment. The price spike appears to have been driven by a combination of on-chain activity and increased on-market interest, though no official statements or fundamental events have been attributed to the sharp upward movement. Analysts project that the move may represent a technical bounce rather than a structural shift in the asset’s valuation.

Technical indicators show a sharp divergence in the asset’s momentum profile. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) lines have shown signs of oversold conditions following the recent decline, potentially setting the stage for a short-term rebound. However, the 200-day and 50-day moving averages remain bearish, indicating that the asset is still in a long-term downtrend.

Backtest Hypothesis

A proposed trading strategy aims to exploit potential reversals in the asset’s short-term volatility. The hypothesis is based on detecting oversold conditions using the RSI and MACD crossover. The strategy would trigger a long position when the RSI dips below 30 and the MACD line crosses above the signal line. A stop-loss is placed at the previous swing low, and a take-profit is set at the nearest resistance level. The backtest aims to determine whether such a strategy can consistently capture short-term rebounds in a highly volatile environment, while avoiding false signals during prolonged downtrends.