Meteora price eyes $0.60 after Crypto.com, Coinbase listings
Meteora price has surged 28% over the past 24 hours, breaking out of a rounded bottom pattern between $0.33 and $0.40 and testing the $0.50 resistance level on strong trading volume. The breakout has flipped the $0.40 ceiling into new support, and if momentum persists, Meteora price could retest $0.55 and $0.60. Technical indicators show an overbought RSI of 77 and elevated BBWP volatility, signaling a risk of short-term pullbacks. The 9-period EMA on the 4H chart may act as dynamic support, with buyers defending down to $0.40 if it fails.
The rally follows key exchange listings on Crypto.com and the launch of Coinbase Perpetuals for MET on October 30, as well as the recently introduced Meteora Invent launchpad. Community discussions note that the Meteora DEX is generating nearly the same trading fees as Uniswap (UNI) despite having roughly one-tenth of its market cap. Traders should watch volume trends, RSI levels, and EMA support for potential entry or exit points.
Bullish
The listing of MET on Crypto.com and Coinbase Perpetuals, combined with a clear technical breakout from a rounded bottom pattern and 100%+ jump in trading volume, creates strong bullish momentum. Similar catalysts have propelled altcoins like Solana (SOL) and Avalanche (AVAX) to rapid gains after major exchange listings. Despite overbought RSI readings, high BBWP volatility readings often precede further spikes rather than mean reversion when volume remains elevated. In the short term, traders may book profits around $0.55–$0.60, but if MET holds the $0.40 support and 9-period EMA, it could pave the way for a sustained rally. Long-term, consistent fee generation on par with Uniswap (UNI) suggests strong protocol fundamentals, supporting higher valuations once broader market sentiment improves.