MTL USDT Metal DAO Technical Analysis

Metal DAO logo In this Metal DAO technical analysis, we will examine the current price action, trading volume, key levels and indicators for MTL-USDT. Sure, here are three sentences about Metal DAO (MTL) cryptocurrency: Metal DAO (MTL) is a decentralized autonomous organization (DAO) that aims to provide a platform for the metal industry to raise capital and trade assets in a secure and transparent manner. MTL utilizes blockchain technology to facilitate peer-to-peer transactions and smart contracts, enabling the metal industry to streamline its operations and increase efficiency. By leveraging the power of decentralized finance (DeFi), Metal DAO is poised to revolutionize the metal industry with its innovative approach to fundraising and asset trading.

Metal DAO Price Overview:

As of October 03, 2023, Metal DAO is trading at approximately 1.268 USDT. Let’s dive into the detailed price action for MTL-USDT:

Metric Value
Open (O) 1.288
High (H) 1.307
Low (L) 1.258
Close (C) 1.268
Volume (C) 1,475,138.50
  • Open (O): The opening price for today’s trading session was approximately 1.288 USDT.
  • High (H): Metal DAO reached a daily high of around 1.307 USDT.
  • Low (L): The daily low for MTL-USDT was approximately 1.258 USDT.
  • Close (C): At the time of analysis, Metal DAO is trading near its daily close of 1.268 USDT.
Metric Value
1D Change (%) -1.48%
3D Change (%) 1.52%
7D Change (%) -1.40%
30D Change (%) 12.91%
90D Change (%) -9.10%
YTD Change (%) 81.92%

Over the past three days, MTLUSDT has risen by approximately 1.52%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -1.40%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with MTLUSDT maintaining an upward trend of approximately 12.91%, despite intermittent fluctuations. Examining the last 90 days, MTLUSDT has witnessed substantial fall of approximately -9.10%, reflecting strong long-term confidence. Year-to-date, MTLUSDT has steadily appreciated by around 81.92%, 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-USDT 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 0.79495.
  • Momentum score is 0.12912.

MTL USDT Technical Analysis

Metal DAO Trading Volume:

The trading volume for Metal DAO (MTL) over the past 24 hours has been insignificant, with approximately 1,475,138.50 USDT 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 above the 50-day SMA, indicating short-term bullish momentum.
  • 200-day Simple Moving Average (SMA): Metal DAO is also trading above the 200-day SMA, indicating a positive long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for MTL-USDT is currently in the neutral zone, around 49.60881. This suggests that Metal DAO is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Metal DAO (MTL-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

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.