METIS fluctuated 96.4% in 24 hours: Trading volume surged over 2000% triggering a post-pump pullback
Bitget Pulse2026/04/18 01:34Volatility Brief
In the past 24 hours, METIS price surged from a low of $3.279 to a high of $6.44, currently trading at $4.115, with a fluctuation amplitude of 96.4%. Trading volume skyrocketed to approximately $110 million, marking a 2048% increase compared to the previous period and far exceeding the market cap of about $32 million.
Brief Analysis of the Causes
- Trading Volume Soared: The 24-hour trading volume reached $108 million to $124 million, a year-on-year increase of 2058%, which quickly pushed the price up.
- Net Inflow of On-chain Funds: Along with active spot trading, net inflows on-chain increased while net outflows from CEX remained limited.
- Surge in Open Interest: OI increased by 138%, accompanied by a trading volume peak of 6122%, triggering potential short squeezes.
No official announcements or major on-chain events have been reported, with market speculation being the main driving factor.
Market Views and Outlook
Market sentiment is bullish, with bullish sentiment on the CoinGecko community reaching 94%. Traders are watching for overheating signals (RSI reaching 82), with a potential short-term pullback to the $3.9–$4.0 support area and taking profit risks; if prices hold above $4.8, a further test of $6.2 is possible. Mainstream predictions lean towards a short-term downside, with recommendations to monitor trading volume for confirmation.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, for informational reference only.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.
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