METAX, the tokenized version of Meta Platforms stock, has been quietly building out its infrastructure throughout 2025. The token now trades on exchanges like Gate.io, Bybit Alpha, and LBank, and has integrated oracle feeds from Chainlink and Pyth to improve pricing accuracy. In July, Backed Finance rolled out zero-fee issuance for METAX in an effort to tighten spreads and attract more liquidity.
But despite these improvements, the token still faces real challenges. Gate.io delisted it mid-year as part of a cleanup targeting low-volume assets. And like all tokenized securities, METAX sits in a gray regulatory zone—especially in countries with strict securities enforcement. That uncertainty keeps institutional players on the sidelines and thins out the order books.
Where Price Stands Right Now
As of the latest data, METAX is trading around $646.56, up about 0.56% over the past 24 hours. That’s not much movement, but the technicals underneath tell a more interesting story.
The 14-day RSI is sitting in the mid-60s—still in buyer territory, but getting close to overbought levels. The MACD histogram just flipped positive, which usually signals building upward momentum. Volume has been all over the place. At one point, 24-hour volume surged to over $20 million—more than four times the average—suggesting a wave of renewed interest. But in other intervals, volume dropped by as much as 67%, which points to thin liquidity and big swings on small trades.
Key Levels to Watch
Right now, resistance is sitting near $705–$710, around the 23.6% Fibonacci retracement zone. Price has been rejected there recently, so it’s a meaningful ceiling for bulls to break through.
On the downside, the 30-day simple moving average around $651.50 is acting as near-term support. If that breaks, the next cushion is closer to $689, near the 38.2% Fib level. Below that, things could get messy fast—especially given how thin the order book can be.
What Could Happen Next
If things go well: As long as METAX holds above $650 and the MACD keeps pushing higher, momentum traders could take it toward $720–$740. A clean break above $710 with volume backing it up might even open the door to $800, especially if Meta’s stock is performing and sentiment around tokenized equities stays positive.
If things go south: A drop below $650 could trigger a slide toward $630–$640. In low-liquidity sessions, those moves can happen fast. If the RSI climbs above 70 without fresh buying volume, profit-taking could kick in. And external factors—like weakness in Meta’s earnings, regulatory crackdowns, or broader risk-off sentiment in crypto—could accelerate losses.
What This Means for Traders
METAX lives at the intersection of two worlds: traditional equity markets and crypto volatility. That means you need to keep an eye on both. Meta’s earnings reports, ad revenue trends, and AI investments will matter, but so will bitcoin’s stability and overall crypto market sentiment.
Because liquidity is thin and spreads can widen quickly, risk management is critical. Use limit orders instead of market orders. Size your positions conservatively. Set clear exit zones near resistance around $700–$710, and have a plan if support at $650 breaks. This isn’t a trade-and-forget asset—it requires active attention.
