Mantle's MNT Nears Record High as Adoption Increases
Price Surge and Market Performance: Mantle's MNT price has surged nearly 35% in the past month, approaching an all-time high of $1.54, driven by increased user adoption, DeFi launches, and Layer 2 advancements.
Ecosystem Growth and Investor Confidence: The rise in MNT reflects heightened participation in its ecosystem, with expanding liquidity and user activity, indicating strong investor confidence and potential for continued growth in the cryptocurrency market.
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Technical Analysis for MNT
Technical Sentiment Analysis for Mantle (MNT) As of , Mantle (MNT) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MNT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, MNT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Mantle (MNT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.189 | 0.357 | 0.521 | 0.689 | 0.853 | 1.021 | 1.185 |
| Fibonacci | 0.357 | 0.484 | 0.562 | 0.689 | 0.816 | 0.894 | 1.021 |
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