MNT Coin Price Records A Strong Bullish Reversal!

Mantle price today has jumped 12.11% with a trading volume of $258.56 million. Technical sentiments highlight increased positive action, suggesting a sustained bullish sentiment.

The price of Mantle has experienced a surge of 12.11% today, with a trading volume reaching $258.56 million. Technical analysis indicates a strong bullish sentiment, with the resistance and support levels for Mantle being $1.40 and $1.00, respectively.

Key Highlights

As U.S. President Donald Trump signs an executive order to promote cryptocurrencies, the market has experienced a strong bullish recovery. Among the top 100 cryptos, the Mantle token has recorded the highest 24-hour gains.

With the rising bullishness in the crypto space, CoinPedia's expert panel has analyzed the short-term Mantle Price today.

MNT Coin Price Shows Strong Bullish Reversal!

Over the last 24 hours, the MNT coin price has added over 12% and 34.73% this week, maintaining its bullish price action. Furthermore, with a 7-day return of +10%, this altcoin has secured the 35th position with a market capitalization of $4.179 billion.

On the daily time frame, the Relative Strength Index (RSI) successfully retests its oversold range. Consequently, it has recorded a sharp spike toward the overbought range with its average trendline recording a bullish convergence, suggesting a positive outlook in the coming time.

Moreover, the 50-day EMA indicator experiences a positive crossover with its 200-day constant supporting the Mantle price chart in the 1D time frame. This highlights an increasing buying-over-selling pressure for the altcoin in the crypto market.

If the market continues favoring the bulls, this could lead to the price of Mantle retesting its important resistance level of $1.27. If the price manages to stay above that level, it could push toward its upper high of $1.40 this month.

On the other hand, if a trend reversal occurs, the MNT coin price will retest its support level of $1.14. Furthermore, if the bears outrun the bulls, this could pull the price toward its low of $1.

Planning on investing in MNT crypto token before it achieves the $1 mark? Check out CoinPedia's Mantle Price Prediction for the long-term possibilities!

FAQs

The MNT price has experienced a surge of over 300% from its ATL of $0.3136, highlighting a significant increase in the adoption process.

Suppose, the bullish sentiment sustains, this could result in this altcoin heading toward its yearly high of $2.31.

With a 24-hour trading volume of $255.42 million, the MNT crypto is exchanging hands at $1.2458.