METIS +220.59% in 24 Hours Amid Market Volatility

On SEP 8 2025, METIS surged by 220.59% within 24 hours to reach $15.38. This sharp intraday gain came after a 19.66% rally over the preceding seven days, though the token had previously recorded a drop of 377.6% within a one-month span and a staggering decline of 6389.61% over the last year.

The recent uptick coincided with an influx of on-chain activity and a reevaluation of the project’s technical indicators. Key metrics suggested a potential reversal in momentum, with relative strength index (RSI) levels moving closer to the oversold threshold and a narrowing gap between the 50-period and 200-period moving averages. Analysts noted that these signals, while not predictive in isolation, indicated a possible inflection point in the asset’s short-term trajectory.

Market participants appear to be reacting to a series of protocol-level updates that were deployed in the last 72 hours. These updates included the activation of a new governance module and the integration of cross-chain liquidity mechanisms. While the broader ecosystem has yet to validate these changes, early data points show increased on-chain participation and rising node activity, which may contribute to the sustained buying pressure seen in the last 24 hours.

Technical indicators have played a central role in the recent price action. The RSI, which had previously trended toward overbought conditions during earlier rallies, has now returned to a more neutral range. The moving average convergence divergence (MACD) showed a narrowing histogram, suggesting that downward momentum is waning. Analysts project that continued consolidation near current levels could reinforce a bullish bias, particularly if the price remains above the 50-period moving average for an extended period.

Backtest Hypothesis

A proposed backtesting strategy was outlined by the development team, leveraging a combination of RSI divergence and moving average crossovers to identify potential entry and exit points. The hypothesis involves entering long positions when RSI diverges from price action while the 50-period moving average crosses above the 200-period line. Exit conditions are set when either the RSI closes above 70 or the 50-period line dips below the 200-period line. This strategy aims to capture short-term volatility while mitigating risk through defined thresholds.