Mantle Price Prediction: Is MNT Primed for Another high?

28-03-2024 By: Lokesh Gupta
Mantle Price Prediction: Is MNT Primed for Another high?

Mantle Price Prediction 2025 is expected to hit $5.0000

  • $MNT traded between $0.8500 to $1.000, with a brief bullish breakout halted by resistance at $1.1000, leading to a neutral trend.

  • Increased market volatility led to support breakdown, resulting in sideways trading with prices fluctuating between $0.7488 and $0.8500 after bulls lost the crucial $0.8500 support level.

  • Following a drop to $0.7488, bulls surged, resulting in a remarkable 100% increase over four days, with the rally halting at the $1.5000 resistance level.

  • Yesterday, #Mantle breached the resistance trendline, achieving a new All-Time High of $1.5000 after five consecutive days of price hikes.

  • Today's retracement led to $MNT trading within the range of $1.1650 to $1.3000, signaling a potential consolidation phase.

  • If $1.1650 support breaks, MNT faces a risk of significant decline towards $1, with $0.9400 as the next key resistance.

  • As per Coin Gabbar analysis, If bullish momentum persists, MNT could initially target $1.6000 and possibly reach $2.000, signaling a sustained upward trend.

KEY LEVELS :

RESISTANCE LEVEL : $1.5000-$2.0000

SUPPORT LEVEL : $1.0000-$0.7700

Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

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