Mantle (MNT) continues to defy broader bearish market conditions, showing clear strength on both daily and weekly charts. Over the last 24 hours, the token advanced by 2.08%, while weekly performance reflects a 6% surge.
At the time of writing, MNT is trading at $1.80 with a 24-hour trading volume of $666.29 million, up 15.27% from the previous session. Market capitalization also improved to $5.86 billion, marking a 2.11% increase.
This performance highlights renewed interest in Mantle as buyers consolidate control despite ongoing volatility across the crypto sector. The breakout above $1.60 further supports the case for a bullish extension in the near term.
Also Read: Mantle Surges Over 100%, Bulls Target Next Breakout Toward $2
Mantle reflects a decisive break from its earlier resistance. The move transformed $1.60 into a support base, offering stability for further gains. The weekly candle structure also signals strength, with consistently higher highs and lows shaping a sustainable bullish pattern.
The immediate challenge lies at $2.20, a region that has historically triggered profit-taking. If Mantle sustains its pace above $1.80, a push toward this resistance appears highly probable. A clean breakout above $2.20 could shift focus to the $3.60 zone, an area with both psychological and technical importance.
Analyst predictions suggest that rising demand and low supply could spell good prospects for Mantle achieving this target in the medium term. On the other hand, a $1.60 loss may expose MNT to a correcting phase with $1.30–$1.15 as likely areas of retracement. For now, momentum lies with the buyers.
These indicators support Mantle’s upward trajectory. Standing at 57.54 at present, the Relative Strength Index (RSI) is still some distance from oversold territory but still has further upside room. It consolidates a solid rebound from lower levels of around 30.
The Moving Average Convergence Divergence (MACD) indicator adds further confidence. With the MACD line standing at 0.03852 above the signal line at 0.02457, the bullish crossover gets confirmed with optimistic histogram bars. The setup shows rising purchasing power and potential continuation of the rally.
RSI and MACD are both bullish from a technical viewpoint. Unless momentum shifts course radically, Mantle will be well positioned to continue its bounce and keep firmly in sight the $2.20 and $3.60 targets.
Also Read: Mantle (MNT) Surges 28% After $2M Investment and Eyes $8 Price Target
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