$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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