- Mantle (MNT) gained nearly 10% in the last 24 hours.
- Weekly performance recorded an impressive 12.94% surge.
- Price holds above $1.75, signaling a strong bullish structure.
- The RSI is near the overbought zone, while the MACD shows mild caution.
Mantle (MNT) has shown impressive strength as the market transitions from bearish to bullish. In the last 24 hours, the token appreciated by 9.98%, extending its weekly gain to 12.94%. At the time of writing, MNT is trading at $1.90 with a 24-hour trading volume of $392.63 million, up by 25.3%. The market capitalization also advanced by 9.44%, standing at $6.19 billion.
The latest breakout has drawn attention across the crypto community. Mantle moved decisively above the $1.75 resistance, a critical level that had previously capped gains.
Analysts now believe this upward momentum strengthens the path toward the next set of price levels. Sustaining momentum at current levels reinforces the bullish narrative, especially after the asset’s remarkable recovery from July lows of nearly $0.60.
Also Read: Mantle Surges Over 100%, Bulls Target Next Breakout Toward $2
Mantle Technical Chart Structure Supports Bullish Outlook
The technical setup highlights a sharp upward trend with a series of higher highs and higher lows on the three-day chart. This formation indicates a healthy reversal from the previous bearish phase. According to chart projections, Mantle faces resistance at $2.25 and $2.80 before attempting the ambitious $3.60 target.
Importantly, the dotted roadmap shared by analysts suggests possible pauses or consolidations at each resistance stage. Such a pattern would reflect a sustainable advance rather than an overextended rally.
If $1.75 continues to hold as support, it may serve as a strong base for further gains. On the downside, however, failure to protect this level could trigger weakness, though current volume and candle formations suggest that bulls remain dominant.
Momentum Indicators Show Mixed Signals
Market momentum is mixed but broadly positive. The Relative Strength Index (RSI) stands at 65.37, which is getting closer to the overbought line of 70. At this value, the indication is strong purchase activity, yet market players need to be very careful about short-term retracements if the RSI moves further into the overbought zone.
On the other hand, the Moving Average Convergence Divergence (MACD) indicator has a conflicting interpretation. The MACD line at 0.12503 is slightly below the Signal line at 0.12556, creating a narrow bearish crossover.
The histogram also reveals a small negative figure of -0.00053, indicating moderate downward pressure. Again, the small distance, however, implies that fresh buying would rapidly change this signal.
Also Read: Mantle in Bullish Momentum: Can MNT Reach a New ATH in Q4?
