$MTL 's recent 1.965% decline aligns with a market on edge, reflected in its 24-hour price range (0.838 - 0.876). Currently, it trades near the lower Bollinger Band (0.847 - 0.868), suggesting potential for a rebound if it holds above the 0.835 support level. Despite a prevailing uptrend, volatility may discourage short-term traders, particularly with undefined influences from Bitcoin and mixed macroeconomic signals like inflation. Traders may consider a long-term strategy, waiting for clearer trends and positive catalysts, as the overall market sentiment remains cautiously optimistic. Key takeaway: Focus on support/resistance levels; MTL's resilience could present buying opportunities if it stabilizes.
