Bitget App
Trade smarter
Metis (METIS) Testing Key Resistance — Will This Pattern Trigger an Upside Breakout?

Metis (METIS) Testing Key Resistance — Will This Pattern Trigger an Upside Breakout?

CoinsProbeCoinsProbe2025/11/02 22:09
By:Nilesh Hembade

Date: Sun, Nov 02, 2025 | 06:00 AM GMT

The cryptocurrency market continues its steady start to November, with both Bitcoin (BTC) and Ethereum (ETH) trading in green. Major altcoins are following the broader bullish sentiment — including Metis (METIS), the layer-2 scaling token that is showing early signs of strength.

METIS is up around 6% today, signaling improving momentum, but the bigger story lies in its technical setup — a key bullish chart pattern that hints at a potential breakout in the sessions ahead.

Metis (METIS) Testing Key Resistance — Will This Pattern Trigger an Upside Breakout? image 0 Metis (METIS) 2H Chart/Coinsprobe (Source: Tradingview)

Descending Broadening Wedge Pattern in Play

On the 2-hour chart, METIS has been forming a descending broadening wedge — a bullish technical pattern that typically emerges during downtrends and often signals a potential reversal once the price breaks upward.

In its latest pullback, METIS found strong support near $8.47, which coincided with the wedge’s lower boundary. Buyers stepped in at that level, helping the token stage a solid rebound to around $9.56, where it currently trades just below the upper wedge resistance line.

Metis (METIS) Testing Key Resistance — Will This Pattern Trigger an Upside Breakout? image 1 Metis (METIS) 2H Chart/Coinsprobe (Source: Tradingview)

The price action is tightening near this resistance area — a technical condition often seen before a breakout move. If confirmed, this could set the stage for an upward momentum shift in the coming hours or days.

What’s Next for METIS?

If buyers succeed in breaking above the wedge’s upper trendline and reclaim the 100 MA ($9.76), it could spark a bullish breakout, with a potential upside target around $11.77 — marking an estimated 23% gain from current levels.

However, if the token fails to clear the resistance and faces a pullback, consolidation within the wedge could continue in the short term. In that case, the $8.90 level will be an important support zone to monitor for a possible rebound.

For now, the technical outlook remains constructive. If broader market momentum holds and Bitcoin maintains its upward trajectory, METIS could soon join the list of altcoins leading the next leg of the crypto rally.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

REI’s AI-Gasless Strategy Addresses Expensive and Inefficient Blockchain Issues

- REI Network integrates Spheron and XDGAI, shutting down GXChain on Nov 10, 2025, to focus on AI-native, gasless blockchain infrastructure. - Spheron provides decentralized GPU resources via REI's zero-fee EVM, while XDGAI enables on-chain AI training and multimodal learning through the network. - Strategic shift addresses blockchain's high-cost challenges, with initiatives like GasZero Program and AI Agent Activation Campaign to reduce transaction costs. - Product milestones include gas strategy simulato

Bitget-RWA2025/11/04 10:28
REI’s AI-Gasless Strategy Addresses Expensive and Inefficient Blockchain Issues

Bitcoin Updates: Bitget Introduces Zero-Interest Liquidity, Tackling Altcoin Fluctuations as Whales Influence Market Dynamics

- Bitget launched a zero-interest institutional financing program (Nov 2025–Jan 2026) to boost altcoin liquidity by lowering capital barriers for market makers. - A "Mega Whale" accumulating 1,164 BTC in six hours signals renewed institutional interest in Bitcoin amid altcoin market volatility and fragmented trading depth. - The initiative targets under-served liquidity providers, aligning with industry trends of tailored financing structures to stabilize smaller-cap token markets. - Competitors like OKX a

Bitget-RWA2025/11/04 10:28
Bitcoin Updates: Bitget Introduces Zero-Interest Liquidity, Tackling Altcoin Fluctuations as Whales Influence Market Dynamics

Bitget Addresses Altcoin Liquidity Shortage by Offering Interest-Free Loans

- Bitget launches zero-interest loans for altcoin market makers to boost liquidity in smaller digital assets, effective November 2025–January 2026. - Qualified institutions can borrow up to 2M USDT with 50% reduced trading-volume requirements, targeting professional firms and new clients. - The program addresses fragmented altcoin markets by lowering entry barriers, enabling efficient capital deployment for stable, accessible trading conditions. - Aligning with performance-linked financing trends, Bitget e

Bitget-RWA2025/11/04 10:28
Bitget Addresses Altcoin Liquidity Shortage by Offering Interest-Free Loans

HashKey’s Web3 Push Boosts Hong Kong’s Status as a Regulated Digital Finance Center

- HashKey Group dominated Hong Kong FinTech Week 2025, showcasing Web3 expansion and reinforcing Hong Kong's role as a regulated digital finance hub. - The firm highlighted its Dubai-based MENA exchange, user-friendly HashPass Wallet, and plans for a 2025 Hong Kong Web3 Festival targeting 10,000 attendees. - Aligning with Hong Kong's regulatory strategy, HashKey emphasizes compliance, institutional partnerships, and blockchain education to drive adoption. - Despite short-term crypto market volatility, Hash

Bitget-RWA2025/11/04 10:08
HashKey’s Web3 Push Boosts Hong Kong’s Status as a Regulated Digital Finance Center