Meteora MET rallies 10% as DEX volume hits $187 million
Meteora (MET)
Editor:
Eugene Serbin
ambcrypto.com reports that Meteora (MET) has extended its bullish momentum after defending a key technical support level on the daily timeframe. The token rebounded from the $0.30 EMA support, posting a 10% gain over the past 24 hours as buyers regained control. This recovery follows a breakout from a long-term pennant consolidation pattern and sees MET trading above all key EMA supports.
Network activity has surged, with DEX trading volume rising to $187 million and active addresses reaching a weekly high of 175K. Overall trading volume also increased fourfold to $61.99 million, reinforcing the strength of the move. These on-chain metrics suggest that growing network participation is supporting the rally. The combination of rising DEX activity and increasing addresses paints a constructive picture for the asset. If buyers continue to defend the breakout, MET could retest the next resistance level around $0.41.
How the market reacted
Whalio's own Binance spot order flow for MET, measured when this story was written up on 7 October 2026. Not the outlet's figures.
Whalio spot data for MET shows a price of $0.3279 with a 24-hour buy ratio of 55.4%, indicating that buying pressure is building compared to the 1-hour and 4-hour readings of 50.7% and 50.0% respectively. The 24-hour volume delta stands at +$699,941, while the 1-hour delta is +$11,559 and the 4-hour delta is +$750, showing that net buying has been more pronounced over the full day than in shorter intervals. A positive volume delta means that buy volume exceeds sell volume, reflecting net accumulation by spot traders. The cumulative volume delta (CVD) for the 24-hour close is +$275,239, confirming that net buying has outweighed selling over the period. Spot volume for the day reached $6,447,557 across 79,396 trades, with net buying occurring in 13 of the 24 hours.
The latest daily buy ratio of 46.2% sits at the 25th percentile of the last 311 days, against a median of 49.6% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for MET, averaged over the days leading up to the story.
Over the preceding week, MET saw a 7-day average buy ratio of 49.9%, making the current 24-hour ratio of 55.4% an unusual day with a 5.6 point increase. Spot volume was 3.57 times the weekly average, highlighting a significant spike in trading activity compared to normal levels. The 8-day volume delta totaled +$741,257, while the price change over eight days was only +0.5%, suggesting volume has outpaced price appreciation. Net buying occurred on 4 of the 7 days in the preceding week. This recent surge in volume and buying ratio marks a departure from the relatively flat price action seen over the longer eight-day window.