Victoria Bazir
⬤ META posted a strong rally over recent sessions, breaking sharply higher from its previous range before easing back from peak levels. The token was called an "amazing trade," with profits secured at $9.50 following a roughly 40% climb. META currently trades around $9.19 after touching an intraday high near $10.05 and giving back just over 5% on the day.
⬤ The chart shows META breaking out from a lengthy consolidation pattern defined by rising support and horizontal resistance between $7.70 and $7.80. Once price cleared that zone, it shot toward $10, briefly piercing that level before the recent pullback. A projection box on the chart points to a target near $10.55—about 39% above the earlier range. Widening candles and bigger price swings reflect the jump in volatility during the move.
⬤ The trader exited at $9.50 as META pushed toward $10. Today's red candle signals some profit-taking, though the token still sits well above the consolidation band that held through much of November and December. Despite pulling back from the highs, the overall setup still shows upward momentum compared to earlier price action.
⬤ This move stands out because META delivered rapid gains after spending weeks trading sideways. Those quiet periods often lead to surges in market interest once direction kicks in, especially when price holds well above prior ranges. How META handles current levels will likely influence sentiment after its recent 40% spike.
Victoria Bazir
