Can MNT Crypto Show A Spectacular Rally Soon?

The price action of the MNT crypto has been in a sensational up move. The major uptrend surged from the demand zone at $0.35000 and made a high of $0.85000, where it met the supply region and formed a support at $0.576408.

However, the Mantle crypto has displayed a sign of turnaround as the price rallied from a critical level of around $0.576408 on the chart.

At the time of publishing, the MNT crypto declined 0.48% in the last 24 hours, trading at $0.607361. The MNT crypto is poised for a spectacular rally on the upside, as it prepares strongly to smash the resistance level and soar to new heights from the current support zone.

Therefore, if the demand for the Mantle remains at peak, the asset price could surge from the current level. The next goal for the price could be is to reach $1.0 or to test the supply region with primary resistance at $0.66435.

However, if the MNT crypto price fails to stay above the $0.576408 level, it could decline further.

The Mantle crypto asset is exhibiting bullish traits and could gain more in the upcoming sessions. It has demonstrated good performance in the past week, month, and three months 7.28%, 3.57%, and 56.81% respectively, indicating a reliable and steady upward trend.

The asset is in an uptrend below the zero line, as the MACD is in a bullish state and a bullish cross is up next. The MACD line is at -0.01569, signal line at -0.01463, and histogram is growing which is at -0.00106.

The RSI shows no signs of overbought conditions, suggesting that the MNT asset has more space to grow. Besides, RSI is at 45 and taking support on the 14-SMA, which is at 43.

Furthermore, the MNT crypto asset is showing bullish strength and rising potential as it approaches the 20 and 50-Day EMAs.

Summary

MNT price highlights bullish sentiments and perspectives regarding the crypto asset in the daily time frame. The Mantle price action highlights a bullish view at the time of publishing, as it recently attempted to surge from pivotal level. 

Moreover, the technical parameters of the Mantle price suggest the continuation of the uptrend over the daily time frame chart. The RSI and EMAs suggest and portray bullish gestures regarding the MNT price.

Technical Levels

Support Levels: $0.576408

Resistance Levels: $0.66435.

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.