Latest Metal DAO (MTL) Price Analysis

By CMC AI
01 October 2025 03:14PM (UTC+0)

Why is MTL’s price up today? (01/10/2025)

TLDR

Metal DAO (MTL) rose 5.07% over the last 24h, outperforming the broader crypto market’s 3.63% gain. The uptick breaks a 7-day downtrend (-2.67%) but remains below its 30-day average (-6.83%). Key drivers:

  1. Ecosystem Growth – New dApp integrations and governance votes boosted demand.

  2. Technical Rebound – Oversold RSI levels triggered buying interest.

  3. Incentive Programs – Liquidity mining rewards reduced sell pressure.

Deep Dive

1. Ecosystem Growth (Bullish Impact)

Overview: Metal DAO announced integrations with travel platform Travala and expanded DeFi partnerships (Velodrome, Ionic Money) between July 21–31, 2025 (Metal_L2).

What this means: These collaborations expand MTL’s utility in travel bookings and DeFi liquidity pools, creating new demand channels. Governance votes for incentive allocations (e.g., 10,000 MTL/week for Velodrome pools) encourage token locking, reducing circulating supply.

What to look out for: User adoption metrics on Travala and TVL growth in Metal L2’s DeFi protocols.

2. Technical Rebound (Mixed Impact)

Overview: MTL’s 14-day RSI hit 35.21 on September 30 – nearing oversold territory (≤30) – which often precedes short-term rallies. The price crossed above its 7-day SMA ($0.64), signaling momentum shift.

What this means: Traders interpreted the RSI dip as a buying opportunity, but MACD remains negative (-0.006187), suggesting weak underlying momentum. Resistance at the 23.6% Fibonacci level ($0.744) could cap gains.

3. Liquidity Incentives (Bullish Impact)

Overview: Weekly 10,000 MTL rewards for Velodrome liquidity providers (ongoing since July 23) require participants to hold and stake MTL (Metal_L2).

What this means: These incentives reduce sell-side pressure by incentivizing long-term staking. However, the program’s impact may diminish if participation plateaus.

Conclusion

MTL’s rebound reflects a mix of strategic partnerships, technical buying, and staking incentives – though sustainability hinges on follow-through adoption. Key watch: Can MTL hold above $0.65 (7-day SMA) to confirm a trend reversal?

Why is MTL’s price down today? (30/09/2025)

TLDR

Metal DAO (MTL) fell 3.33% over the last 24h, underperforming the broader crypto market (-1.33%). The drop aligns with its 7-day (-6.81%) and 30-day (-14.38%) downtrend. Here are the main factors:

  1. Technical breakdown – Price dipped below critical moving averages, signaling bearish momentum.

  2. Lack of staking incentives – MTL’s absence from updated high-yield staking lists reduced demand.

  3. Altcoin weakness – Bitcoin dominance rose to 58.35%, pressuring smaller alts like MTL.

Deep Dive

1. Technical Breakdown (Bearish Impact)

Overview: MTL trades at $0.618, below its 7-day SMA ($0.64) and 30-day SMA ($0.70). The RSI-14 at 37.17 signals near-oversold conditions but lacks bullish reversal confirmation.

What this means: Sustained trading below the 30-day SMA suggests weakening mid-term support. The MACD histogram (-0.0068) reinforces bearish momentum, with no clear divergence to signal exhaustion.

What to look out for: A close above $0.696 (50% Fibonacci retracement) could signal reversal; failure risks a retest of July’s $0.608 low.

2. Staking Incentive Gap (Bearish Impact)

Overview: Bitvavo’s August 4 staking update excluded MTL from top Flex/Fixed APYs (e.g., LPT at 10.1%, SOL at 6%).

What this means: Lower yield opportunities reduce capital inflow, especially against rivals like ATOM (3.7% Flex APY) and DOT (3%). MTL’s 0.5% Flex APY on Bitvavo offers little incentive to hold during market stress.

3. Altcoin Liquidation Pressure (Bearish Impact)

Overview: Bitcoin dominance rose to 58.35% (up 0.58% in 24h), reflecting capital rotation from alts to BTC.

What this means: MTL’s $1.24M 24h volume (+25.7%) signals selling pressure, not accumulation. The Altcoin Season Index fell 10.6% this week, favoring defensive plays over speculative alts.

Conclusion

MTL’s decline reflects technical breakdowns, weak staking yields, and sector-wide altcoin outflows. While oversold RSI levels hint at potential stabilization, reclaiming $0.64 (7-day SMA) is critical to stem losses. Key watch: Can Bitcoin dominance stabilize below 58% to ease altcoin pressure?

CMC AI can make mistakes. Not financial advice.