MTL has benefited from a warming of market risk appetite and technical factor resonance, resulting in a significant strengthening of short-term bullish momentum. The current price has ample upward momentum, with key support at $0.285 and resistance at the $0.31–$0.32 region. Caution is advised regarding potential sector liquidity disturbances caused by Bitcoin's fluctuations near the key range of $75,000. It is recommended to follow the prevailing trend, monitor volume changes, and set strict stop-losses to guard against adverse impacts on MTL prices from any major pullback in mainstream coins.

Recently, sentiment in the crypto market has shifted from caution to optimism, with the AI and Meme sectors leading gains and driving most altcoins to varying degrees of upward movement. Although Bitcoin and Ethereum experienced minor short-term pullbacks, the overall recovery in risk appetite has provided a favorable external environment for capital inflow into secondary mainstream tokens. As a relatively liquid token, MTL has also benefited from this wave of market enthusiasm, with its price steadily rising since last week, reflecting speculative capital's recognition of its potential value.

According to SoSoValue data reported by ChainCatcher, most of the cryptocurrency market saw gains, with AI and Meme sectors showing relative strength, rising 1.08% and 1.03% respectively in 24 hours. Notable increases include 0G up 14.95%, Worldcoin up 6.58%, and MemeCore up 4.45%. Bitcoin and Ethereum experienced slight declines, falling 0.37% and 0.43%, respectively. Other sectors showed mixed performance with minor gains and losses.

Data: Most of the crypto market is up, with AI and Meme sectors relatively strong, while BTC and ETH have slightly pulled back.

BitMart Research Weekly highlights easing US-Iran tensions and a hawkish shift in the Federal Reserve, driving a rebound in risk assets including crypto. US stocks, especially AI-related sectors, show strong recovery amid geopolitical risks. Inflation data signals potential upward pressure if oil prices stay high. Crypto markets follow US stocks with BTC and ETH leading, while altcoins remain volatile. Institutional inflows into Bitcoin ETFs and MicroStrategy’s increased BTC holdings indicate long-term confidence.

BitMart Research Institute Weekly Hotspot Analysis: US-Iran Easing Combined with Fed's Hawkish Shift, Crypto Market Follows Rebound to Form a Bottom

From the daily chart perspective, MTL has been consolidating in the $0.28–$0.29 range since early April, and on April 16 and 17 recorded consecutive strong bullish days with significant volume, breaking through the $0.30 threshold and briefly reaching $0.3065. Trading volume surged significantly on the 17th, confirming bullish momentum. In the short-term, support can be seen around $0.285, while resistance is at the $0.31 level. If bullish momentum continues, MTL could further test the $0.32 level.

Although MTL remains on a bullish trajectory, the market still needs to pay attention to sentiment transmission effects stemming from Bitcoin's volatility at key price levels. Bitcoin has recently broken above $75,000 and now faces resistance at $78,000; the negative Gamma effect may intensify short-term volatility at crucial points. Should Bitcoin undergo a correction, short-term capital may withdraw from secondary mainstream sectors, putting pressure on MTL's price volatility. Investors should closely monitor the stability of Bitcoin's support near the $75,000 level.

Bitcoin has surpassed a four-week high, rising above $74,000. Analysts identify $75,000 as a critical "volatility release point," where derivative market negative gamma effects may amplify price fluctuations. This level coincides with Bitcoin's 100-day moving average, a key resistance in January. Breaking $75,000 could accelerate an uptrend, while a pullback may increase downward pressure. The $80,000–$80,600 range is a positive gamma zone with lower volatility, and the 200-day moving average at $87,519 serves as a long-term reference.

Analysis: Bitcoin breaks four-week high, key price range may intensify market volatility

Metal DAO

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

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Metal DAO Price: MTL Live Price Today | MTL Market Cap & Chart Analysis | Bybit-eu

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MTL price today is 0.30, with a live price change of 1.56 in the last 24 hours. Convert, buy, sell and trade MTL on Bybit-eu.

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