Mantle (MNT) Technical Analysis – Where Are We Heading?
Mantle (MNT) has been showing impressive strength lately, with price action supported by both strong fundamentals and technical momentum. Let’s break it down.
📊 Chart Analysis
Looking at the daily chart (MNT/USDT):
- Accumulation Phase: From late May through early July, Mantle was consolidating between $0.50 – $0.70, with relatively low volatility and steady volume. This served as a strong accumulation base.
- Breakout Rally: In late July and early August, MNT broke out from this range with massive volume, pushing prices above the $1.00 psychological level. This move signaled a shift from accumulation to markup.
- Recent Highs: The rally peaked around $1.40, followed by a natural pullback. After testing support near $1.10, bulls quickly stepped back in.
- Current Momentum: The price has rebounded and is trading around $1.25 – $1.30, showing renewed strength. Volume on green candles indicates strong buying interest is still present.
🔑 Key Levels
- Immediate Support: $1.10 – $1.15 (recent bounce zone)
- Stronger Support: $0.95 – $1.00 (psychological + breakout area)
- Resistance Levels: $1.35 – $1.40 (recent local top), followed by $1.50
If MNT can break above $1.35 – $1.40, it opens the door for a run toward $1.60 – $1.70 in the short term.
🚀 Fundamental Catalyst – Bybit Partnership
Adding to the bullish outlook is Mantle’s recent partnership with Bybit, one of the world’s leading exchanges. This development is a strong validation of Mantle’s ecosystem and provides:
- Increased liquidity for MNT.
- Greater exposure to new investors.
- Enhanced trust and credibility in the market.
Such a partnership acts as a fundamental catalyst that can fuel further upward momentum and support long-term growth.
📈 Outlook – Where Are We Going?
- Bullish Scenario: If momentum continues, MNT could retest $1.40, and a successful breakout may push toward $1.70 – $2.00 in the medium term.
- Neutral/Bearish Scenario: If buyers fail to hold $1.15, we may see a retest of the $1.00 breakout level, which should serve as strong support.
Overall, the trend remains bullish, supported by strong technical structure and fundamentals. The recent Bybit partnership provides an additional tailwind, suggesting Mantle could continue to surprise to the upside.
👉 In summary: Mantle is looking strong both technically and fundamentally. As long as it holds above $1.10, the path of least resistance remains upward.