Metal Trending Higher

Over the past 24 hour period, Metal has posted a gain of 8.72%. The crypto is still trying to get back to where it was six months ago, but it is still down 39% over that period. The good news for Metal is that it has bounced 33.44% over the last seven days.

Taking a look at some recent trading data, we note that Metal (MTL) has hit $5.2 on volume of 17182967 for the day. Following some key RSI values, we note that the one-week is presently 75, the two-week relative strength is 73 and the four-week relative strength of the cryptocurrency is 64. Taking a deeper look at some other time frames, we note that the thirteen-week RSI is 89, the twenty-six week relative strength is 32, and the fifty-two week RSI is 20. All RSI values land on a scale from 0 to 100.

Many investors look to the Relative Strength Index (RSI) reading of a particular cryptocurrency to help identify overbought/oversold conditions. The RSI was developed by J. Welles Wilder in the late 1970’s. Wilder laid out the foundation for future technical analysts to further investigate the RSI and its relationship to underlying price movements. Since its inception, RSI has remained very popular with traders and investors.

About Metal

Metal (Symbol: MTL) is a digital currency for MetalPay that enables global instant payment by utilizing just a phone number. MTL is fairly decentralized with the support of a process called Proof of Processed Payments (PoPP). By spending or making a purchase, members and participants could earn rewards in MTL. The maximum supply is 66.5 million MTL. Users can get up to 5% MTL on every purchase. They can also receive high interests when investing in MTL.

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