SELL: 0.00011100 - 0.00011200
Metal ( MTL ) is a p2p platform for exchanging fiat money for cryptocurrency. A wallet application was developed where users can carry out real-time transactions.
The main feature of the Metal ( MTL ) platform is its PoPP (Proof of Processed Payments Protocol) algorithm, thanks to it each network user is rewarded for any transactions within the network with MTL tokens.
First of all, it should be noted that at the beginning of June in one day (from the 8th to the 9th ), the volumes dropped 10 times at once. It began to recover only in early September but did not return to the previous index, and are unstable. The November fall followed the market, on reduced volumes. This suggests that the buyers lost interest, and not about the mass sale of the asset. There are big transactions appear periodically, and the token then stays in the portfolios. The asset is characterized by sharp jumps in prices, which have no obvious connection with the news background and market sentiment. This, in combination with the anomalous fall in volumes, may indicate a possible rate manipulation. The point of entry into the asset lies within 0.00007000 - 0.00007200, slightly above the support line at the level of 0.00007150. Be sure to put a stop-loss - 0,00006950, because below this zone appears the probability of updating the minimum of 0.00005680, formed on November 20. The resistance line is at the level of 0.00009770. The zone of closing a long deal is in the range of 0.00011100 - 0.00011200.
The minimum growth potential of the token on the chart is 270%. It is worth considering that the project may be under pressure from many competitors.