METEORA (MET/USDT) — the Beginning of a Major Reversal?Meteora/USDTOKX:METUSDTCryptoNuclearThe MET/USDT chart on the 1D timeframe shows that price has been in a prolonged downtrend since reaching its peak around $0.63. Over the past several months, price has consistently formed Lower Highs (LH) and Lower Lows (LL), confirming strong seller dominance. However, market conditions are beginning to change after price established a strong base within the $0.118 – $0.135 range, which is acting as both a major accumulation zone and key support area. A strong impulsive candle and increasing momentum have now pushed price above the previous bearish structure. --- 🔍 Pattern Formation 📈 1. Descending Trendline Breakout The long-term descending trendline connecting major highs since November 2025 has finally been broken. ✅ Key breakout characteristics: • The breakout occurred after an extended downtrend. • Price reclaimed an important support zone. • Bullish momentum has increased significantly. • Market structure is beginning to shift from bearish to neutral-bullish. A breakout of a long-term descending trendline is often one of the earliest signals of a potential trend reversal. --- 🏗️ 2. Accumulation Base Formation The highlighted yellow zone represents a strong accumulation area. 📍 Key levels: • Main Support: $0.118 – $0.135 • Fibonacci 0.5: $0.1347 • Fibonacci 0.618: $0.1281 • Fibonacci 0.786: $0.1187 The longer price holds above this area, the stronger the probability that it becomes the foundation for the next upward move. --- 🔄 3. Potential Trend Reversal If this breakout remains valid, the market structure could transition into: ✅ Higher Low (HL) ✅ Higher High (HH) These are the primary conditions required for the formation of a new bullish trend. --- 🎯 Key Levels 🚧 Immediate Resistance 🔹 $0.184 🔹 $0.207 🔹 $0.227 🛡️ Major Support 🔸 $0.135 🔸 $0.128 🔸 $0.118 ❌ Bullish Invalidation A daily close below $0.118. --- 🟢 Bullish Scenario 🚀 Primary Scenario If price successfully holds above the $0.135 region and maintains the breakout structure, the probability of a continuation toward higher resistance levels increases significantly. 🎯 Bullish Targets: 🥇 Target 1 → $0.184 🥈 Target 2 → $0.207 🥉 Target 3 → $0.227 Additional confirmation will occur if price establishes a new Higher High (HH) following the breakout. 📈 The upside potential from the accumulation zone to the main targets exceeds 60–80%. --- 🔴 Bearish Scenario The bearish scenario becomes active if the current breakout fails to hold. ⚠️ Signs of weakness: • Price falls back below the trendline. • A daily close below $0.135. • Increasing selling pressure around resistance levels. 🎯 Downside Targets: 🔻 $0.128 🔻 $0.118 🔻 $0.100 If the $0.118 support level breaks, the probability of revisiting previous lows increases significantly. --- 📝 Conclusion MET/USDT is currently at a very interesting technical point after successfully escaping a downtrend that has lasted for several months. 🔥 The breakout above the long-term descending trendline, combined with price holding above the accumulation zone, suggests that bearish momentum is beginning to weaken. As long as the $0.118 – $0.135 support zone remains intact, the path toward $0.184 – $0.227 remains the dominant scenario. However, traders should remain cautious of a potential fake breakout if price loses this critical support area. 📊 From a technical perspective, this chart presents early signs of a trend reversal that could potentially end the prolonged bearish phase and open the door for a new bullish trend in the coming weeks. --- 💡 Quick Summary 🟢 Short-Term Trend: Bullish 🟢 Market Structure: Early Reversal Phase 🟢 Accumulation Zone: $0.118 – $0.135 🟢 Main Targets: $0.184 → $0.207 → $0.227 🔴 Invalidation: Daily Close Below $0.118 ⚡ "Anyone can spot a breakout. Holding above support is what confirms a true trend reversal." #METUSDT #MET #Meteora #Crypto #Cryptocurrency #Altcoin #Altcoins #TradingView #TechnicalAnalysis #ChartAnalysis #CryptoTrading #BullishBreakout #TrendlineBreakout #DescendingTrendline #TrendReversal #Accumulation #PriceAction #SupportAndResistance #Fibonacci