- Meter Governance price skyrockets over 10% in a day.
- MTRG price surge is also due to surging crypto maket.
Meter Governance (MTRG) shows long-term bullish signal, however, the hourly chart shows bearish signal. According to CoinMarketCap, the MTGR price is trading at $4.18 with a 24-hour trading volume of $3,054,052 at the time of writing.
MTGR/USDT Price Chart (Source: TradingView)
Meter Governance (MTRG) is trying to break $4.68 resistance level. This area is a critical area since the level is hitted only on Oct 2022. Therefore, if the price breaks this area, it can surge to the next resistance at $5.
Moreso, the high-performance infra based Meter normally scales and connects the financial internet in a multi-chain future. Moreover, the Meter enables the smart contracts to scale and travel via heterogeneous blockchain networks through its 3 core offerings, such as Crosschain-interoperability, Scalability, and Uncensorable money.
In addition, the weekly RSI of Meter has moved above 50, which indicates the strong bullish signal. This shows that MTRG will make the possible breakout in the near future. On otherhand, incase the MTRG fails to break out the resistance level it could fall to $3.93.
Furthermore, the most likely MTRG price analysis is an increase towards $5 before a correction. All-in-all, the MTRG price surge is also due to the overall crypto market condition. The totalcap has reached above $1.15 trillion resistance level on April 9, and after five days, it reached a new ATH for the year to $1.26 trillion. If the surge continues, the next resistance could be $1.33 trillion.
