#BitcoinHashRateSurge $MTL

/USDT Technical Analysis 🎯

Current Price: $1.251 (+1.21%)

24h High: $1.274 | 24h Low: $1.223

Volume (24h): 1.25M MTL / 1.56M USDT

Technical Outlook:

MTL/USDT is showing bullish momentum on the daily timeframe, bouncing off a recent support level at $1.22 and approaching its previous resistance at $1.27. The price is currently trading above key moving averages, signaling a potential upward continuation if volume sustains.

Targets to Watch:

1️⃣ Target 1: $1.35

First resistance level based on historical price action and Fibonacci retracement levels.

Break above $1.27 (current resistance) could push the price towards $1.35.

2️⃣ Target 2: $1.50

Psychological resistance level and prior key rejection zone.

A sustained rally with strong volume could see MTL/USDT test this level.

3️⃣ Target 3: $1.70

Major resistance zone last tested in a previous rally.

Would represent a significant breakout and continuation of bullish sentiment.

Key Levels to Monitor:

Support: $1.22, $1.20

Resistance: $1.27, $1.35

🚨 Risk Note: Always set stop-loss orders to manage risk effectively. The crypto market is highly volatile, and past performance does not guarantee future results.

Let us know your thoughts—are you bullish or bearish on MTL? 👇