MTL BTC Metal DAO Technical Analysis

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By Frans van Elst

Metal DAO logo 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 May 11, 2024, Metal DAO is trading at approximately 3e-05 BTC. Let’s dive into the detailed price action for MTL-BTC:

Navigate the optimistic realm of Metal DAO (MTLBTC) at 2.91e-05 BTC with technical analysis pointing to a bullish outlook and potential growth.

Metric Value
Open (O) 3e-05
High (H) 3e-05
Low (L) 3e-05
Close (C) 3e-05
Volume (C) 27,668.40
  • Open (O): The opening price for today’s trading session was approximately 3e-05 BTC.
  • High (H): Metal DAO reached a daily high of around 3e-05 BTC.
  • Low (L): The daily low for MTL-BTC was approximately 3e-05 BTC.
  • Close (C): At the time of analysis, Metal DAO is trading near its daily close of 3e-05 BTC.
Metric Value
1D Change (%) -4.09%
3D Change (%) 2.94%
7D Change (%) 10.06%
30D Change (%) -5.03%
90D Change (%) -4.59%
YTD Change (%) -21.38%

Over the past three days, MTLBTC has risen by approximately 2.94%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 10.06%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with MTLBTC maintaining a downward trend of approximately -5.03%, despite intermittent fluctuations. Examining the last 90 days, MTLBTC has witnessed substantial drop of approximately -4.59%, reflecting strong long-term confidence. Year-to-date, MTLBTC has steadily declined by around -21.38%, 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 0.44937.
  • Momentum score is 0.10189.

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 27,668.40 BTC traded against MTL. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 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 neutral zone, around 51.20285. This suggests that Metal DAO is in range-bound 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 neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Navigate the optimistic realm of Metal DAO (MTLBTC) at 2.91e-05 BTC with technical analysis pointing to a bullish outlook and potential growth.

Don’t skip our thorough exploration of MTL USDT Metal DAO Technical Analysis if you resonated with this post; it’s the perfect next step for deeper understanding.

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.

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