Clearly, this support has been rejected, which could indicate that MTL/BTC is now ready to move higher. The very strong resistance is seen at 140k satoshi where two levels are inline. First is the 76.4% level of the Fibonacci applied through the last wave down, and the 38.2% level of the Fibs applied through all time high.
If/when Metal Pay will reach the target, it would more than double against Bitcoin . On a downside note, only a break below the 26k satoshi could invalidate outlook.