METIS 24-hour amplitude reaches 96.9%: trading volume surges over 2000% driven by rebound in on-chain TVL

Volatility Brief

METIS experienced intense price fluctuations over the past 24 hours, surging from a low of $3.271 to a high of $6.440. It is currently trading at $4.389, with a price swing of 96.9%. The 24-hour trading volume soared to $108.5 million, up 2058.30% compared to the previous day; net capital outflow is limited (CEX net outflow around $10,000), with on-chain DEX trading volume reaching $150,700.

Brief Analysis of the Unusual Movement

- Explosive growth in trading volume: 24-hour trading volume skyrocketed to $86.74 million - $117.8 million, pushing the price up rapidly from the low of $3.207 - $3.28.

- On-chain activity recovery: Metis chain TVL rose to $6.84 million (+3.29%), DEX trading volume at $150,700, and DeFi protocols such as ENKI TVL increased by 52.71%, Artemis Finance up 24.54%, indicating capital inflow.

- Wallet support event: On April 16, EMCD wallet added support for METIS, attracting community attention, but no large whale movements or official announcements occurred.

Market View and Outlook

Market sentiment remains optimistic, with CoinGecko showing 92% of the community being bullish; the short-term price increase is between 33.6%-37.79%. However, the overall net outflow and high volatility suggest a risk of correction. Analysts predict it will trade sideways in the $3-$4 range by the end of 2026.