- Mantle (MNT) price is witnessing extreme bullishness on the daily technical chart.
- MNT price has surged by almost 13% in the last 24 hours, suggesting buyer dominance.
Mantle (MNT) is showing a massive bullish breakout, and the altcoin is showing remarkable power on various technical indicators. MNT is currently trading at $1.1895, up around 13% in the last 24 hours, as per CoinMarketCap data, indicating strong buying interest and a fresh investor confidence in the layer-2 scaling solution.
The technical setup is also quite interesting as MNT has broken through major resistance areas that have limited the upside in the past. The asset has already broken the resistance level of the psychological barrier of $1.00, and it has become a very important floor in case of any retracement. This breakthrough is also a major milestone in the MNT, since it indicates the end of a consolidation period that has been going on since the middle months of 2025.
The analysis of the moving averages shows a very bullish scenario. The 50-day exponential moving average (EMA) of $0.8447 is a long way above the 200-day EMA of $0.7865, forming what technical analysts call a golden cross. This formation is normally an indication of a long-term uptrend and institutional and retail buying activity. The fact that the current price is trading considerably above both EMAs proves the power of the existing uptrend.
What Next For Mantle Price?
Bullish momentum indicators are supporting the bullish story. Relative Strength Index (RSI) is at 71.76, which is a strong positive momentum but still not overbought according to the old standard of 80. This indicates that there is still further upside to go before hitting any substantial resistance or momentum exhaustion. The MACD histogram shows positive numbers, and the MACD line is above the signal line, indicating that the buying pressure is still in place.
The Awesome Oscillator (AO) indicator with a value of 0.2485 also confirms the bullish argument, as the price action in the recent past has been dominated by green bars. The positive trend of this indicator indicates that the bulls are in full control of the Mantle price.
In the future, technical forecasts indicate a second objective of $1.500, or about 26% potential upside at present values. This objective coincides with the past resistance points and the Fibonacci extension figures. Nevertheless, traders are advised to keep an eye on the $1.00 support line, since a possible breakdown below this line may be an indication of a possible reversal of the recent bullish trend and a reconsideration of the technical picture.
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