💰 #MNT remains in trend
Continuing our token analysis from the CEX (centralized exchanges) narrative...
↗️ Mantle is associated with the Bybit exchange. Because of this, it faced issues this past winter related to the exchange hack.
However, a recovery is currently underway. The token’s ATH hasn’t been surpassed yet, but the price has closely approached the resistance at around ~$1.41.
On the weekly timeframe, a “horizontal price channel” formation has appeared. It has a strong chance to develop into a “bull flag” pattern.
At minimum, I expect liquidity to be swept beyond ~$1.41 and the ATH to be updated. In the longer term, an impulsive upward move is also possible 📈.
