MNT Analysis: Mantle (MNT) Approaches Its ATH; Will It Break Through?
The Mantle (MNT), token of the Ethereum Layer 2 (L2) solution, is at a crucial moment! The asset has seen a strong rise, with gains of 73.2% in the last month, and is approaching its all-time high (ATH) of US$ 1.51.
But what is behind this appreciation? Besides the possible correlation with Ethereum, the text points to a strong influx of whales (large investors), who are accumulating the token. The L2 technology and the expansion of its ecosystem also contribute to the growth.
From a technical perspective, the MNT has broken through important resistances, such as that of US$ 1, but faces a turning point near US$ 1.41. Keep an eye on the immediate supports of US$ 1.16 and the RSI, which indicates that the bulls are still in control.
The question remains: will MNT manage to surpass its ATH and enter a new bullish phase, or is a correction on the way?
