Mantle (MNT) Price Surge: Is $1 Imminent After 22% Rally?
Mantle's native token MNT is making waves—bulls charge as prices spike 22% in a week. Could this Layer 2 dark horse actually hit $1?
The crypto casino spins again
No fancy fundamentals here—just pure speculative momentum. Traders pile in as MNT defies the sideways market, flirting with resistance levels like a degens chasing leverage. Technicals scream 'breakout,' but let's be real: in crypto, TA is just astrology for Excel bros.
Will the rally hold? Watch for whale wallets moving—the only 'fundamental' that matters when liquidity's thinner than a VC's patience during a bear market.
MNT Price Breaks Multi-month High
The latest rally has taken the MNT coin price over a key resistance at $0.7225 and it will now serve as support. The next technical line that Mantle crypto is looking at is at $0.91 which, upon breakout, may move the way to the psychological $1 mark.
In the past, the MNT token has been rejected several times in the range of $0.91 and $1. Moreover, the increasing trading volume, is an indication of the bullish action and a confirmation that investors are actively buying the token.
The Moving Average Convergence Divergence (MACD) indicator is now displaying a bullish cross over with the blue MACD line slowly moving towards the orange signal line, which means that a turnaround in the trend may be possible. Although the histogram is still in a minor bearish position, the expanding bars of green indicate the increase of bullish presence.
With a big bullish breakout, the MNT price is ready to reach the $1 mark. However, it will be crucial for it to remain above support levels to prevent any short-term corrections. Moreover, with a sustained bullish momentum, the possibility of the rally exceeding a dollar may not only be possible but imminent.
On the contrary, if MNT fails to manage to remain above the level of $0.8150, it might slip back towards the level of $0.7225. Intensified bearish action could result in it plunging toward its lower trend level of $0.64 within a short period of time.
Also Read: chainlink Launches Real-Time U.S. Equities Data on 37 Blockchains
