Strong buying interest for MTL

MTL Analysis: Holding support at $1.33, indicating strong buying interest. Bounce attempt crucial for potential upward movement. Key resistance at $1.54 may limit further gains.

6/10/20241 min read

MTL price analysis chart showing support at $1.33 and key resistance at $1.54.
MTL price analysis chart showing support at $1.33 and key resistance at $1.54.

MTL is holding the support area at $1.33, indicating strong buying interest at this level. The price is attempting to bounce from this support, suggesting that buyers are stepping in to defend this area and potentially drive the price higher. This bounce attempt is crucial as it could signal the start of a new upward movement.
The key resistance area to watch is $1.54. This level acts as a barrier where selling pressure might emerge, potentially hindering further upward movement.