The Volatile Journey of the Metal Tools (METAL) Token
The Metal Tools (METAL) token, which was launched on August 21, has experienced significant volatility over the past week. Despite its short existence, the token has shown mostly positive performance. Initially priced at around $0.00689, it briefly dropped to $0.00464 after launch.
Over the following ten days, METAL fluctuated between a support level of $0.0045 and a resistance level of $0.0085. It also encountered a minor resistance at $0.0070, hindering its growth during this period. However, towards the end of last month, the token began to surge and reached new milestones.
On August 31, METAL hit $0.015 before skyrocketing to the next resistance level at $0.025 on the next day. By September 3, it reached $0.030 and achieved an all-time high of $0.0357 on September 4. Following this peak, the price experienced a correction and dropped to $0.0150.
Potential Breakout?
Since September 6, the $0.015 level has served as strong support for METAL. However, it faced resistance at $0.020, which it breached a few times in the past week.
The first breach occurred on September 9 when it surged to $0.025 before returning below $0.020. Although subsequent breaches were smaller and shorter-lived, they indicate that METAL’s price is testing resistance.
Today, on September 13, METAL reached $0.0210 before dropping to its current level of 0.0171 with a trading volume of $94.5k in the last 24 hours. The token’s engagement levels suggest that the crypto community has an interest in it and expects a 10% recovery soon.
Given its newness, METAL’s liquidity may be limited, so it’s important to check its ease of buying or selling before getting involved.
Wall Street Memes Token: Last Chance to Buy
Wall Street Memes (WSM) has gained popularity as a meme coin, similar to Dogecoin and Pepe, and has raised over $25 million. The WSM team announced that the token will hit exchanges in about two weeks, making it the last opportunity for potential buyers to purchase at a low price of $0.0337.
Once WSM is listed on the market, it may experience a price surge, allowing early buyers to make profits. However, it is impossible to predict the extent of the price movement. Those considering buying WSM should believe in its potential for a bright future.
The token can be obtained in exchange for ETH, BNB, and USDT or purchased using credit/debit cards.
Hot Take: Metal Tools Token Shows Promise Amidst Volatility
The Metal Tools (METAL) token has demonstrated both volatility and potential since its recent launch. Despite experiencing fluctuations in price, it has managed to reach significant milestones and attract attention from the crypto community.
As METAL tests resistance levels and shows signs of recovery, there is optimism among investors. However, due to its limited liquidity as a new token, caution is advised when buying or selling.
In contrast, Wall Street Memes (WSM) offers an opportunity for early buyers to potentially profit once it hits exchanges. With its meme coin status and successful fundraising efforts, WSM’s future remains uncertain but holds promise.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies.Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.
