According to Alt Crypto Talk's tweet post on X, Mantle (MNT) has shown a 9.27% intraday increase and is among the top daily gainers on Coinmarketcap, along with Stacks (STX), SUI (SUI), Cronos (CRO), and ORDI.
Furthermore, Mantle crypto optimized by 6.33% in market value and massively optimized by 103.07% in trading volume in the last 24 hours, as per the coinmarketcap (CMC). Where, its market value stands at$3.392 billion and its trading volume of the last 24 hours amounted to be $122.610 million. There are a total of 3.264 Billion MNT in circulation, where the volume to market cap ratio highlights that it has low liquidity at 3.53%, and traders should stay cautious towards it.
Mantle price had been following a nice uptrend until April 8th, 2024, when the price was rallying and peaked at $1.450.
However, the price failed and plunged, which followed a declining trendline, and the Mantle crypto formed support at $0.9400 and has been in a consolidating range in a Darvas box range.
The sideways range illustrates that the bulls are holding the key support, and bears are desperately trying to breach the support. But, bears are not that strong to push below $0.9400.
Also, it has been witnessed that the price had breached the trendline by remaining in a Darvas box. This could be a major sign of a comeback of bulls as the price needs a major push to break the Darvas box for the upside, with an aim for 100% growth on the daily chart up to the $2.0 Mark.
Mantle asset price has exhibited upward momentum as it stays above major 50-day and 200-day EMAs. Similarly, the MNT asset is trying to gain traction, as bullish strength seems increasing with the formation of a golden cross in MACD, as the histogram widened at 0.00467. Likewise, the RSI has glared above 50, at 54.56, signifying that Mantle is in positive territory and could go incline up.
Corresponding to this bullish scenario, an Analyst that goes by Market Spotter posted an optimistic tweet on X platform, that Mantle has built a rising broadening wedge, and a bullish reversal could be triggered from the lower boundary of the wedge, which would bring MNT price out of this consolidation.
He further stated that the chart looks bullish and MNT looks bouncing from a strong level of support of wedge. If buyer's interest increases then a pump in the price could be massive leading to a 2x gain easily on the daily chart.
Overall, Mantle is ready for a remarkable surge, as it harnesses strength by consolidating in the Darvas box range. Once breached, the price could blast through the barrier and thrust upward to new levels from the current support zone.
At press time, the Mantle crypto traded at $1.028 that has surged at 0.76% in the last intraday sessions. Therefore, if the demand for the asset remains high, Mantle could bounce back from the current level. The next target for the Mantle is to reach $1.30, and $1.55.
However, if the Mantle fails to stay above the $1.0 level, it could decline further and could strengthen the bearish angle.
Furthermore, Mantle crypto optimized by 6.33% in market value and massively optimized by 103.07% in trading volume in the last 24 hours, as per the coinmarketcap (CMC). Where, its market value stands at$3.392 billion and its trading volume of the last 24 hours amounted to be $122.610 million. There are a total of 3.264 Billion MNT in circulation, where the volume to market cap ratio highlights that it has low liquidity at 3.53%, and traders should stay cautious towards it.
Mantle price had been following a nice uptrend until April 8th, 2024, when the price was rallying and peaked at $1.450.
However, the price failed and plunged, which followed a declining trendline, and the Mantle crypto formed support at $0.9400 and has been in a consolidating range in a Darvas box range.
The sideways range illustrates that the bulls are holding the key support, and bears are desperately trying to breach the support. But, bears are not that strong to push below $0.9400.
Also, it has been witnessed that the price had breached the trendline by remaining in a Darvas box. This could be a major sign of a comeback of bulls as the price needs a major push to break the Darvas box for the upside, with an aim for 100% growth on the daily chart up to the $2.0 Mark.
Mantle asset price has exhibited upward momentum as it stays above major 50-day and 200-day EMAs. Similarly, the MNT asset is trying to gain traction, as bullish strength seems increasing with the formation of a golden cross in MACD, as the histogram widened at 0.00467. Likewise, the RSI has glared above 50, at 54.56, signifying that Mantle is in positive territory and could go incline up.
Corresponding to this bullish scenario, an Analyst that goes by Market Spotter posted an optimistic tweet on X platform, that Mantle has built a rising broadening wedge, and a bullish reversal could be triggered from the lower boundary of the wedge, which would bring MNT price out of this consolidation.
He further stated that the chart looks bullish and MNT looks bouncing from a strong level of support of wedge. If buyer's interest increases then a pump in the price could be massive leading to a 2x gain easily on the daily chart.
Overall, Mantle is ready for a remarkable surge, as it harnesses strength by consolidating in the Darvas box range. Once breached, the price could blast through the barrier and thrust upward to new levels from the current support zone.
At press time, the Mantle crypto traded at $1.028 that has surged at 0.76% in the last intraday sessions. Therefore, if the demand for the asset remains high, Mantle could bounce back from the current level. The next target for the Mantle is to reach $1.30, and $1.55.
However, if the Mantle fails to stay above the $1.0 level, it could decline further and could strengthen the bearish angle.