The current price is relatively cheap and stands at $2, which is not that far of the price since inception. Metaverse found the bottom at $1 where it rejected the 161.8% level applied to the corrective wave after the uptrend breakout.
The rejection was very clean and price started to move upwards breaking above the downtrend . This could be the first signal to get some ETP long term, but as always there is a risk, however, the growth potential certainly is huge.
Very first upside target is seen at $5.85 that is near previous resistance that has been rejected twice and it is the top of the . Next resistance is at $8.8, which corresponds to the 161.8% level applied to the last corrective wave down and goes inline with the 161.8% Fibonacci channel.
These are the medium term targets that could be reached within months, but the long-term perspective could bring the price up to $30 and above this year alone. On the downside, break and close below the $1 support could invalidate outlook and extend the consolidation period.
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