🔴 $MTL — Current Price: ~$0.402
Long liquidation $1.01K hints at fading bullish strength as price slides into lower support.
Key State:
MTL is losing momentum but still hovering above major structural support.
Support: $0.388 – $0.395
Resistance: $0.417 – $0.426
Market Insight:
Buyers need to step in fast; otherwise, a full continuation to deeper levels can trigger more long unwinds.
Sentiment: Bearish leaning but near bounce territory.
Targets:
Upside: $0.419 → $0.435
Downside: $0.381 reclaim test
Next Move:
A reclaim of $0.417 flips momentum short-term. Failure leads to further downside probing.
Pro Tip:
Trade MTL as a bounce asset — it reacts cleanly at support but rarely trends without catalysts.
MTLUSDT
Perp
0.4163
+5.31%
