What is Metis (METIS) Coin?

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Oct 03 2024

Should l Buy METIS?

Overview of Metis (METIS) Coin: Metis is a Layer 2 scaling solution for Ethereum that enhances transaction efficiency, security, and affordability by bundling transactions through its Andromeda protocol. It supports various features including an NFT bridge, decentralized autonomous companies (DACs), and a middleware platform called Polis.
Utility and Trading of METIS Coin: METIS coin serves as a utility token within the Metis ecosystem, used for transaction fees and staking rewards. It was recently listed on Binance, allowing users to trade it in multiple pairs after completing the membership and wallet transfer process.

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Technical Analysis for METIS

Technical Sentiment Analysis for Metis (METIS) As of , Metis (METIS) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 1 indicators are flashing buy, while 5 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for METIS stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, METIS is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Metis (METIS) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	1.929	2.439	3.089	3.599	4.249	4.759	5.409
Fibonacci	2.439	2.882	3.156	3.599	4.042	4.316	4.759

About METIS

Metis is an Ethereum Layer-2 scaling solution aiming to solve the blockchain trilemma: that blockchains cannot be decentralized, secure, and scalable simultaneously. It also strives to solve Ethereum's biggest challenges: speed, cost and scalability.Metis wants to help developers create and manage existing decentralized applications (dApps), while also supporting developers and entrepreneurs who want to build and launch new dApps. It also integrates the Decentralized Autonomous Company (DAC) framework into its Layer 2 infrastructure to help developers and businesses move from Web 2.0 to Web 3.0.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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