Coinbase Halts Trading of Two Crypto Tokens: Here's Why
- Coinbase halts trading: Coinbase has disabled trading for Metal DAO (MTL) and Enjin Coin (ENJ) on its platform.
- User funds accessibility: Despite the trading halt, users can still access their funds and withdraw them at any time.
- Reason for suspension: Coinbase frequently reviews assets on its platform to ensure they meet listing standards, leading to the suspension of Enjin Coin trading.
- Metal DAO transition: Metal DAO successfully passed a proposal to transition to Metal L2 on the Optimism Superchain, resulting in an airdrop from Ethereum mainnet to Metal L2.
- Airdrop eligibility: Coinbase advised MTL holders to transfer assets to a self-custodial wallet supporting MTL V2 by June 23 to be eligible for the airdrop of V2 MTL tokens.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for MTL
Technical Sentiment Analysis for Metal DAO (MTL) As of , Metal DAO (MTL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MTL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, MTL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Metal DAO (MTL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.14 | 0.19 | 0.244 | 0.294 | 0.348 | 0.398 | 0.452 |
| Fibonacci | 0.19 | 0.229 | 0.254 | 0.294 | 0.333 | 0.358 | 0.398 |
About MTL
About the author









