Metal (MTL) Price Prediction – Will MTL Price Hit $5 in 2022?

This Metal (MTL) Price Prediction  2022 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our METAL (MTL) price prediction.

Among the cryptocurrencies that are surging this year, Metal (MTL) is perhaps one of the most surprising for some. It is not directly related to Bitcoin, nor is it the most hyped cryptocurrency today. But for those that are aware, the MTL price has reduced by 78.9% in the past 30 days.

Can Metal reach $5 in 2022? We will find out shortly. But before we proceed to our MTL price analysis, let us first answer the question “What is Metal?”

Metal (MTL) is the native currency of Metal products and an essential part of the Metal ecosystem. Designed to make cryptocurrency payments fast and easy, users pay zero fees when sending, receiving, buying, or selling MTL.

Additionally, Metal Pay users pay substantially fewer fees when buying other cryptocurrencies if they also hold MTL, with 0% fees offered to anyone who holds 10,000 MTL. Created to be advantageous to hold, MTL has fueled Metal Pay and allowed it to become one of the few FDIC-insured on-ramps to cryptocurrency in the United States. As of the 8th of June 2022, Metal Pay is available in 28 EU countries, allowing hundreds of millions more people to use and enjoy the benefits of Metal Pay.

Metal (MTL) is currently a cryptocurrency token that operates on the Ethereum Mainnet but it will become available on the native Metal blockchain: Proton. Launching MTL on Proton will open new on-chain utility possibilities for MTL.

Now that we are clear about Metal (MTL), do you think MTL will be beneficial crypto in 2022? Join me and let us see the charts in this MTL price analysis and MTL price prediction.

At the time of writing, MTL trades at $1.81 with a 24-hour trading volume of $168,435,125. The price of MTL has increased by 5.6% in the last 24 hours.

Furthermore, Metal (MTL) has a current total supply of 68,588,888.00 MTL, according to CoinMarketCap. Currently, the top cryptocurrency exchanges for MTL are Binance, FTX, Kucoin, Hotbit, Gate.io, and others.

Currently, MTL holds 156th place on CoinMarketCap. But will the latest upgrades, development, and changes in the Metal (MTL) ecosystem help the cryptocurrency price to reach higher? Let’s proceed to the charts in this MTL price prediction article.

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for MTL/USDT, we can deduce that the price of Metal (MTL) might get bullish in some days since the price is in the first half of the channel from the top. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1Day chart is 59.02.  This shows that Metal (MTL) is showing a strong trend since its RSI lies between 50 and 70. This value can trigger a bullish run if investors reposition themselves either toward the buyers.

From the chart above, the 200-MA is above the 100-MA which means that long-term investors would gain. However, since the gap between the two moving averages is not wide and both moving averages are within the recently formed candlestick, the next bullish run might not be long.

The chart below shows that Metal (MTL) has been affected by the crypto market downtrend in recent times. Moreover, the MTL price shows a bullish trend. If this trend continues, MTL might run along with the bulls, overtaking its $1.993 resistance1 level and moving higher to $4.987 at the resistance5 level, the 2022 bullish signal.

Conversely, if the investors turn against the crypto, the bears might take over and push Metal (MTL) from its uptrend position. In simpler terms, the price of MTL might plummet to almost $0.806, a bearish signal.

Meanwhile, our long-term MTL price prediction for 2022 is bullish. It has a high possibility of reaching new heights. More so, this will only happen if it breaks many past psychological resistances.

If this bullish trend continues, Metal (MTL) will reach $4.987 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $1.993. Then, this rise will slow down, but no major falls are expected. With upcoming partnerships and developments, reaching $5 is quite optimistic in the price point of view but undoubtedly feasible for MTL’s future.

If Metal (MTL) holds the support level around 200-MA, buyers will then have ample time and stability to forge the next attack mission on the vital level at $10, making it not plummet but play consistently.

MTL investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of Metal in the crypto market, and it will be the best investment as the price can spike and reach around $20.

In the next four years, MTL’s price could race up to $40. However, reaching this level could not be so difficult for Metal as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that MTL has a high possibility of reaching a new ATH soon in the next four years as per the prediction.

In the next five years, MTL’s price could race up to $80. However, reaching this level could not be so difficult for Metal as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that MTL has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

In the next six years, MTL’s price could race up to $150. However, reaching this level could not be so difficult for Metal as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that MTL has a high possibility of reaching a new ATH soon in the next six years as per the prediction.

In the next seven years, MTL’s price could race up to $300. However, reaching this level could not be so difficult for Metal as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that Metal (MTL) has a high possibility of reaching a new ATH soon in the next seven years as per the prediction.

In the next eight years, MTL’s price could go up to $600. However, reaching this level could not be so difficult for Metal as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that MTL has a high possibility of reaching a new ATH soon in the next eight years as per the prediction.

As per the latest upgrades, developments, Metal (MTL) price prediction, and new project forecasts of the platform, Metal investors could expect many partnerships and integrations around 2030. Moreover, this might boost the price of MTL in the crypto market, and it will be the best investment as the price can spike and reach around $1000.

Conclusion

Metal (MTL) has a bright future ahead of it in 2022. With the ongoing developments happening within the Metal ecosystem, as well as in the overall crypto market, we may see MTL reach new heights.

Bullish Metal (MTL) price prediction for 2022 is $4.987. As said above, it may even reach its new ATH if investors have decided that MTL is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

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Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.