MTL USDT 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-USDT. 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 Pay app, which allows users to buy, sell, and hold cryptocurrencies directly within the app. With Metal DAO, users can earn rewards in the form of MTL for participating in various DeFi activities, such as staking, lending, and borrowing.

Metal DAO Price Overview:

As of May 17, 2024, Metal DAO is trading at approximately 1.933 USDT. Let’s dive into the detailed price action for MTL-USDT:

Metal DAO (MTLUSDT) poised for growth at 1.93 USDT, as bullish technical analysis reveals robust support and promising indicators.

Metric Value
Open (O) 1.886
High (H) 1.974
Low (L) 1.865
Close (C) 1.933
Volume (C) 1,566,550.40
  • Open (O): The opening price for today’s trading session was approximately 1.886 USDT.
  • High (H): Metal DAO reached a daily high of around 1.974 USDT.
  • Low (L): The daily low for MTL-USDT was approximately 1.865 USDT.
  • Close (C): At the time of analysis, Metal DAO is trading near its daily close of 1.933 USDT.
Metric Value
1D Change (%) 2.55%
3D Change (%) 9.21%
7D Change (%) 4.77%
30D Change (%) 32.40%
90D Change (%) 21.42%
YTD Change (%) 23.44%

Over the past three days, MTLUSDT has increased by approximately 9.21%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 4.77%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with MTLUSDT maintaining an upward trend of approximately 32.40%, despite intermittent fluctuations. Examining the last 90 days, MTLUSDT has witnessed substantial rise of approximately 21.42%, reflecting strong long-term confidence. Year-to-date, MTLUSDT has steadily appreciated by around 23.44%, 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 0.48779.
  • Momentum score is 0.12318.

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 1,566,550.40 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 53.93164. 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.

Metal DAO (MTLUSDT) poised for growth at 1.93 USDT, as bullish technical analysis reveals robust support and promising indicators.

Take your understanding to the next level with our extensive analysis of MTL BTC Metal DAO Technical Analysis; if you enjoyed this post, you’re in for a treat!

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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