Is Mantle (MNT) Set for a Steep Fall After $1.40 Rejection?

Key Insights on MNT 

• Mantle faces tough $1.40 resistance, with repeated rejections signaling strong selling pressure.
• A breakout above $1.40 could target $1.60, but failure risks drop toward $0.58 support.
• Analysts split: Ali warns steep fall, Lucky sees strong uptrend with breakout momentum continuing.

Mantle (MNT) was trading at $1.37, with a 24-hour trading volume of $480.59 million. The token is down 1% in the past day but remains up 26% over the past week. As MNT hovers near a key resistance level, analysts are divided on whether the token will face rejection or continue its rally.

• The recent performance of Mantle (MNT) highlights significant market trends.

Rejection Risks Near $1.40

Analyst Ali Martinez shared a weekly chart showing repeated rejections at the $1.40 level. Each test of this resistance has been followed by sharp declines, making it a critical ceiling for Mantle. Martinez wrote, “Rejection at $1.40, short to $0.58… Could it really be that simple for Mantle $MNT?”

The chart points to $0.90 as the first support level if MNT is rejected again. A deeper drop toward $0.58 could follow if selling pressure builds. This area previously marked a major low, suggesting it could act as a potential downside target.

Breakout Signals and Bullish Momentum

In contrast, analyst Lucky shared a daily chart suggesting MNT is in a strong uptrend after breaking out of a prolonged downward channel. The chart shows momentum shifting as price surged from the $0.52–$0.60 support area, gaining more than 14% since the breakout.

Lucky commented, “$MNT is on an unstoppable run,” referring to the ongoing rally. His chart projects continued upside, with potential extensions toward $1.60 and above if MNT sustains higher highs and higher lows.