Mantle (MNT) is drawing renewed attention in the crypto market after a technical rebound from the lower boundary of its trading channel.
At the time of writing, MNT is trading around $0.64, showing modest gains over the past 24 hours but a notable 13% surge on the weekly chart.
According to analyst Ali Martinez, if current momentum persists, MNT could be on track for a breakout toward the $0.90 level, with a possible extension to $1.40. The prediction follows a bounce from what appears to be a critical support level that has previously served as a launchpad for upward moves.
MNT is currently ranked 42nd by market capitalization, with a total value of over $2.15 billion. Its 24-hour trading volume has also surged past $257 million, signaling rising interest and activity among traders.
The recent uptick could reflect broader market optimism or growing confidence in Mantle’s ecosystem development. Still, the token remains highly volatile and speculative.
Key Metrics for Mantle (MNT):
- Current Price: $0.6408
- 7-Day Performance: +13.36%
- Market Cap: $2.15 billion
- 24h Trading Volume: $257 million
While technical indicators hint at bullish potential, traders should remain cautious. Any upward breakout will require sustained buying pressure and favorable market conditions.
Editorial Team
Reporter at Coindoo
Source: https://coindoo.com/market/mantle-mnt-eyes-breakout-as-price-rebounds-from-key-support/