$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
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Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.