$MTL (Metal) token is trading at 0.397 USDT (Rs111.23) which is down -1.49% in the last 24h. This coin in the Infrastructure category is in a bearish trend, as the performance is weak even on higher timeframes—with a loss of -47% over 90 days and -72% over 1 year.
The price is currently near a strong support zone of 0.394-0.392; if it breaks, it could go down to 0.390. Immediate resistance is in the area of 0.398-0.402, where selling pressure may arise. If a reversal occurs, a move up to 0.405-0.410 is possible.
The bid side of the order book shows higher volume, indicating some buying interest. It is a low volume environment, so it would be better to wait for a strong confirmation of a breakout or breakdown.
