#MNT

One of the most obscure tokens suddenly comes to life and delivers one of the strongest gains among the top 100. And now everything points to it reaching new heights. Here's why:

➡️ The price is in an interesting position, moving in a flag pattern throughout the year. However, recently, the price made a long squeeze for flag support and shot up powerfully.

Historically, the first such short squeeze leads to powerful growth and new peaks.

➡️ In addition, purchase volumes are in harmony with the price and continue to grow. This indicates growing interest in the asset among traders.

However, there is a “but.”

➡️ During the growth, the price formed two huge gaps at the levels of $1.13 - 0.86 and $0.85 - 0.7. As we know, 99% of gaps close sooner or later.

➡️ In addition, a bearish engulfing pattern and a local trend reversal occurred on the daily chart when attempting to break through the resistance level at $1.09. So the price is likely to go down to close at least the first gap. After that, it will be possible to consider long trades.

📌 Conclusion:
MNT has a very interesting structure and is therefore extremely promising for trading right now. In both directions. However, in the near future, I am more inclined towards a bearish movement to relieve the overheating.

And at this time, large players will accumulate positions.

✍️ Share your opinion on MNT in the comments!