The Next Goal For the MNT Price is to Reach $0.65

Mantle Network is a L2 technology stack that improves Ethereum’s scalability, and is the main product of Mantle Ecosystem. MNT is the native token that is used for Covering gas costs, Expanding the ecosystem, and Community governance.

Mantle Network’s modular design boosts network performance with low fees and quick finality. DApps can be created with great UX, while relying on Ethereum’s unmatched security.

Mantle Ecosystem also has a network of trusted partners and collaborators to help projects from idea to infrastructure support and market strategies. In addition, to support the new generation of creators, builders, and developers, Mantle is growing its ecosystem through Mantle Grants Program and Mantle EcoFund.

Mantle Network is the first L2 to partner with EigenLayer, an ETH restaking protocol, for the data availability module.

Mantle Crypto Exhibiting Bullish Strength

The MNT asset is revealing bullish signs and has the capacity to climb higher. It recorded good results last month, and last quarter, by 36.60% and 45.04% respectively, signifying a steady upward movement.

The MNT crypto had been in an uptrend and may have revealed a sign of a turnaround as the price has taken a pause at crucial level of around $0.55 on the charts. The MNT crypto is experiencing a surge of 1.66% in the last 24 hours, trading at $0.59.

Now, it seems like the Litecoin crypto asset is primed for a phenomenal rally, as it accumulates power to break the resistance level and zoom to new highs from the current base zone.

However, if the demand for the MNT Token remains high, the asset price could bounce back from the current level. The next goal for the MNT price is to reach $0.65.

Therefore, if the MNT crypto price fails to stay above the $0.55 level, it could decline further. The MNT asset is showing bullish strength and rising potential as it stays above major EMAs.

The MNT asset is showing bullish signs and the RSI is above the 50 level, indicating that the MNT asset is still in a bullish zone and can go higher.

Summary

The MNT asset is revealing bullish signs and clearly has the capacity to climb higher. It has recorded good results in the previous month, and quarter, 36.60% and 45.04% respectively, signifying a steady upward movement.

The MNT crypto has been in an uptrend structure and has revealed a possible sign of turnaround as the price has taken a pause at crucial level of around $0.55 on the charts. RSI is above the 50 level, indicating that the MNT asset is still in a bullish zone and can go higher.

Technical Levels

Support Levels: $0.55

Resistance Levels: $0.65 

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.

Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.