Possible top in MTL
MTL has been on a rise lately, making an impressive +30% just today. But I have several reasons to believe that this rally is coming to an end, and if you're positioned in MTL, you should consider taking some risk off.
1) Active addresses divergence
You can clearly see that the previous wave brought a lot more onchain activity for MTL than the last one, so I believe its appreciation won't be sustained going into the future
2) Volume
Volume grows heavily as the price peaks and almost dies at the time of pullback (1B vs 26M). Some may argue with me, but I think it's a sign of heavy dumping from early investors on retail.
3) Age consumed
Spikes in Age Consumed mean old coins are moving, for me it's a sign of long-term holders exiting
PS: all of that is not financial advice, you're responsible for your own decisions, stay safe out there and happy trading!
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