Metal DAO (MTLUSDT) Market Overview: Volatility and Rejection Shape 24-Hour Narrative

• MTLUSDT tested key resistance at 0.758–0.76, forming a bearish rejection pattern.
• Volatility surged during the early 15-hour window, with a 24-hour high of 0.769 before sharp sell-offs.
• RSI showed overbought conditions early, followed by oversold readings toward the close.
• Bollinger Bands expanded during the peak volume spike, confirming heightened market activity.
• Turnover diverged from price in the final 6 hours, hinting at potential consolidation ahead.

Metal DAO (MTLUSDT) opened at 0.743 on 2025-08-24 at 12:00 ET, reached a high of 0.769, and closed at 0.730 on 2025-08-25 at 12:00 ET. The 24-hour volume was approximately 410,405.8 units with a total turnover of $303,990.6 (assuming 1 unit = $0.74 at close). The session was marked by strong bullish momentum followed by bearish correction and divergence in the later hours.

Structure & Formations

The price of MTLUSDT formed a distinct bearish rejection pattern at the 0.758–0.76 resistance zone, particularly during the 18:30–19:45 ET window, where a large bullish candle was followed by a large bearish candle. This created a potential key resistance level. Additionally, the 0.76–0.775 range acted as a short-term ceiling, with a subsequent breakdown below 0.75 triggering a sharp pullback. The 0.73–0.74 zone appears to have offered some support during the 24-hour closing hours, forming a potential short-term base for consolidation.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were both bullish early in the session, aligning with the upward thrust. However, by the close of the session, the 20-period MA began to flatten, while the 50-period MA turned slightly bearish. On the daily chart, the 50- and 100-period MAs are bullish, while the 200-period MA remains bearish, suggesting the broader trend remains neutral to bearish in the short term with potential for a longer-term reversal if the 0.75–0.76 level can be retested and held.

MACD & RSI

The MACD showed a strong bullish divergence in the first half of the session, confirming the sharp rally from 0.743 to 0.769. However, as the price pulled back, the MACD histogram turned bearish, reflecting the shift in momentum. The RSI peaked at overbought levels early in the session and then dropped below 40 by the end of the 24-hour window, suggesting a potential oversold condition. This pattern hints at a possible short-term bounce or consolidation in the near future.

Bollinger Bands

Bollinger Bands expanded during the 18:30–20:00 ET window as the price surged toward the 0.769 high, indicating a period of high volatility. After this, the bands began to contract during the bearish correction, suggesting a reduction in volatility and potential for consolidation. The price closed near the lower band at 0.73, which could indicate that further support is being tested, and a break below this level could trigger another leg down.

Volume & Turnover

The largest 15-minute volume spike occurred at 19:45 ET (volume: 107,184.1 units), coinciding with a sharp sell-off from 0.774 to 0.76. This volume confirmed the bearish momentum at that moment. However, in the final 6 hours of the session, price continued to fall while turnover began to contract, suggesting weakening conviction in the bearish move and potential for a near-term pause or bounce.

Fibonacci Retracements

Applying Fibonacci to the 15-minute swing from 0.743 to 0.769, the 0.757 level (38.2%) acted as a key resistance, which was broken during the 19:15 ET candle. The 0.753 level (61.8%) became a support area later in the session but failed to hold, leading to a deeper pullback to 0.73. On the daily chart, the 0.73–0.74 range may correspond to a 50% retracement level of a larger swing, suggesting it could serve as a key pivot point for near-term direction.

Metal DAO could face key decisions in the next 24 hours as it consolidates near the 0.73–0.74 support range. A sustained break below this level may trigger further downside, but the diverging momentum and volume suggest caution. Investors should monitor for any retesting of 0.75–0.76 as a potential short-term pivot, with the risk of a bearish extension if support fails.