Mantle (MNT) price is experiencing a sharp rise on the daily technical chart.
Mantle (MNT) price has increased by nearly 13% over the past 24 hours, indicating buyer dominance.
Mantle (MNT) is experiencing strong upward movement, showing remarkable strength across various technical indicators. MNT is currently trading at $1.1895, up nearly 13% over the past 24 hours according to CoinMarketCap data, indicating strong buying interest and renewed confidence from investors in the Layer 2 expansion solution.
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The technical situation is also interesting, as MNT has broken through key resistance levels that previously limited upward opportunities. The asset has already breached the psychological resistance level at $1.00, making this level a very important floor in case of any retracement. This breakout is also a significant milestone in MNT's history, indicating the end of a consolidation period that began in mid-2025.
Moving average analysis shows a strong bullish scenario. The 50-day Exponential Moving Average (EMA) at $0.8447 is well above the 200-day Exponential Moving Average of $0.7865, forming what technical analysts call a 'golden cross.' This formation typically indicates a long-term bullish trend and institutional buying activity and accumulation. The current price trading significantly above both averages confirms the strength of the current bullish trend.
What's next for Mantle's price?
Source: Tradingview
Rising momentum indicators support this bullish trend. The Relative Strength Index (RSI) is at 71.76, indicating strong positive momentum, but it is still not overbought according to the old benchmark of 80. This suggests that there is more upside before reaching any significant resistance or momentum exhaustion. The MACD indicator chart shows positive numbers, with the MACD line above the signal line, indicating continued buying pressure.
The Awesome Oscillator (AO) indicator at 0.2485 also confirms the bullish trend, as green bars have dominated price movement in the recent past. The positive trend of this indicator suggests that the bulls are completely in control of Mantle's price.
In the future, technical forecasts indicate a second target at $1.500, which equates to a potential rise of approximately 26% from current values. This target coincides with previous resistance points and Fibonacci extension levels. However, traders are advised to monitor the support line at $1.00, as any break below this line may indicate a potential reversal of the recent bullish trend and a reassessment of the technical picture.
