Will MNT Crypto Rise From Ashes?

Mantle price prediction showcases the struggle of MNT crypto at the lowest level and it may rise from its ashes like a phoenix. Volume change is below average. MNT crypto price needs to accumulate buyers to recover.

Mantle crypto has been slipping from the start of the month and is currently trying to sustain itself at the lowest level. Now MNT crypto needs to attract buyers to escape this declining streak. Meanwhile, trading volume needs to be increased in favor of buyers for MNT crypto to bounce back from the lowest level.

Mantle price was at $0.4070 and lost 1.02% of its market capitalization intraday. Trading volume has increased significantly around 140% during the intraday trading session demonstrating that buyers are trying to continue the push over MNT crypto. The volume to market cap ratio was at 3.31%.

Will Mantle Price Maintain Its Recovery?

Mantle price prediction reflects the challenging situation faced by MNT cryptocurrency, with its value currently hovering at its lowest point. However, there is hope that it might experience a resurgence, akin to a phoenix rising from the ashes.

Nevertheless, it’s crucial to note that the trading volume is below average, indicating the need for an increase in activity during the day’s trading session. For MNT crypto to rebound, it must attract more buyers to its market and build up momentum. This could potentially help it recover from its current downturn and regain value.

Mantle price has undergone a 9.97% decline over the previous week and a 12.20% decrease in the last month. Additionally, MNT cryptocurrency has witnessed a 26.44% drop in the past three months and a similar 26.44% decline over the past six months. Year-to-date MNT has experienced an approximate 26.44% decrease in value.

Technical indicators suggest the return of Mantle crypto from the oversold zone. The relative strength index (RSI) confirms that MNT crypto is returning from the oversold territory. Moving average convergence divergence (MACD) also confirms the recovery of MNT.

RSI was at 31 and returned from the oversold zone. The MACD line is crossing the signal line upwards, registering a positive crossover. Investors in Mantle cryptocurrency need to wait for any directional change over the daily time frame chart.

Summary

Mantle price prediction showcases the struggle of MNT crypto at the lowest level and it may rise from its ashes like a phoenix. Now MNT crypto needs to attract buyers to escape this declining streak. Mantle price has undergone a 9.97% decline over the previous week and a 12.20% decrease in the last month. Technical indicators suggest the return of Mantle crypto from the oversold zone. Investors in Mantle cryptocurrency need to wait for any directional change over the daily time frame chart.

Technical Levels

Support Levels: $0.4020 and $0.4010
Resistance Levels: $0.4080 and $0.4125

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.