In this Metal DAO technical analysis, we will examine the current price action, trading volume, key levels and indicators for MTL-BTC. Metal DAO (MTL) is a decentralized finance (DeFi) platform that leverages blockchain technology to provide users with a wide range of financial services. MTL is the native cryptocurrency of the Metal Payment Network, which enables fast and secure transactions without the need for intermediaries. With its innovative features and user-friendly interface, Metal DAO (MTL) is poised to revolutionize the way we think about finance and investing.
Metal DAO Price Overview:
As of December 05, 2023, Metal DAO is trading at approximately 4e-05 BTC. Let’s dive into the detailed price action for MTL-BTC:
- Open (O): The opening price for today’s trading session was approximately 4e-05 BTC.
- High (H): Metal DAO reached a daily high of around 4e-05 BTC.
- Low (L): The daily low for MTL-BTC was approximately 4e-05 BTC.
- Close (C): At the time of analysis, Metal DAO is trading near its daily close of 4e-05 BTC.
|1D Change (%)||-2.34%|
|3D Change (%)||-5.56%|
|7D Change (%)||-4.07%|
|30D Change (%)||-18.19%|
|90D Change (%)||-12.22%|
|YTD Change (%)||-4.84%|
Over the past three days, MTLBTC has decreased by approximately -5.56%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -4.07%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with MTLBTC maintaining a downward trend of approximately -18.19%, despite intermittent fluctuations. Examining the last 90 days, MTLBTC has witnessed substantial drop of approximately -12.22%, reflecting strong long-term confidence. Year-to-date, MTLBTC has steadily decreased by around -4.84%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Metal DAO Live Chart:
You can access a live price chart for MTL-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.56444.
- Momentum score is -0.18191.
MTL BTC Technical Analysis
Metal DAO Trading Volume:
The trading volume for Metal DAO (MTL) over the past 24 hours has been insignificant, with approximately 26,785.20 BTC traded against MTL. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
- 50-day Simple Moving Average (SMA): MTL is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Metal DAO is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for MTL-BTC is currently in the low zone, around 43.11759. This suggests that Metal DAO is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Metal DAO (MTL-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Clearly see potential bearish trend for Metal DAO (MTLBTC) at 4.01e-05 BTC through detailed technical analysis, highlighting weakened support and cautionary indicators.
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Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.