Mantle (MNT) has surged by an impressive 20% in recent days. Analysts predict the cryptocurrency could target $1.22 in the short term, supported by a strong market structure. Explore the dynamics behind this bullish trend.
Mantle (MNT) has experienced a remarkable surge in recent days, gaining more than 20% to reach price levels not seen for several months. This progression comes as the cryptocurrency successfully broke through a major technical resistance level, paving the way for new bullish prospects.
From a structural perspective, Mantle’s positive trend began when the long-term support at $0.57 successfully withstood downward pressure. This level served as a foundation for a new accumulation phase, setting the stage for the current upward momentum.
As prices advanced, Mantle managed to reclaim its Fair Gap Value at 97 cents. This breakthrough particularly follows the liquidation of a historical bearish trendline at $0.81 which must now serve as support. This type of breakout is often a strong signal for continued bullish movement, with investors now accepting higher prices.
If Mantle’s current market structure holds and the price remains above the top of the FGV, the next major resistance sits around $1.22. This level, which has not yet been tested, has now become the new preferred target for analysts.
The high volume observed during this upward phase further reinforces the solidity of the movement. The increased buyer participation validates the breakout as more than just a short-term spike, opening the door to a continuation of the positive trend.
Currently, Mantle is moving in a relatively clear trading space, with no significant resistance until $1.22. If the bulls manage to maintain control, the rally could continue smoothly toward $1.6, reaching new heights.
In conclusion, Mantle shows undeniable signs of technical strength, with a clearly established bullish trend. If the price manages to stay above the top of the value zone, progression toward $1.22 becomes the most likely objective in the short term.
Investors should, however, remain attentive to upcoming candle closures and volume evolution, as these elements will confirm (or contradict) the strength of the current bullish movement. A drop below the $0.80 level would call this positive dynamic into question, although the general structure remains unchanged for now.
Mantle is gearing up for a 50% or greater increase in the coming weeks. This layer 2 on Ethereum could benefit from ETH’s explosion in the coming months. As Shiro describes on X, “Mantle is much more than just an L2, it’s the blockchain for banking and on-chain finance.”
Here’s a guide to invest right now on Bitget with reduced fees :
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
Risk Warning : Trading financial instruments and/or cryptocurrencies carries a high level of risk, including the possibility of losing all or part of your investment. It may not be suitable for all investors. Cryptocurrency prices are highly volatile and can be influenced by external factors such as financial, regulatory, or political events. Margin trading increases financial risks.
CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Before engaging in financial or cryptocurrency trading, you must be fully informed about the associated risks and fees, carefully evaluate your investment objectives, level of experience, and risk tolerance, and seek professional advice if needed. InvestX.fr and the InvestX application may provide general market commentary, which does not constitute investment advice and should not be interpreted as such. Please consult an independent financial advisor for any investment-related questions. InvestX.fr disclaims any liability for errors, misinvestments, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, texts, graphics, links, or other materials provided.
Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
