Mantle (MNT) Price Rally: Can Bulls Push Past $1.40 Resistance?

Mantle (MNT) has surged 12% in recent sessions, climbing to $1.39 while broader crypto markets remain weak. The move has sparked optimism among traders that Mantle could be preparing for a breakout, provided it overcomes key resistance levels.

Trading data shows MNT consolidating above $1.30 with consistent volume inflows. This steady market activity signals sustained investor confidence and strengthens the short-term bullish outlook for the token.

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Key Takeaways

• Mantle (MNT) rallied 12% to reach $1.39 despite a weaker market backdrop.
• The token is holding above $1.30, establishing a strong base of support.
• Resistance at $1.40 remains the key breakout level for bullish continuation.
• Technical charts suggest fading momentum but overall upward trend intact.
• A clean move past $1.40 could open the path toward $1.50 and beyond.

MNT Price Holds Above $1.30

Mantle has shown resilience, bouncing off lower levels and maintaining strength above $1.30. This price zone has now become an important support, with buyers consistently stepping in whenever MNT tests the level.

Chart analysis suggests that while bulls have the advantage, $1.40 has emerged as a clear ceiling. Multiple rejections at this point show that sellers are active, waiting to absorb momentum from short-term traders.

Read Also: Unveiling Mantle Network's Upcoming Airdrop

Technical Resistance at $1.40

On the 4-hour chart, Mantle appears to be forming a double top pattern near $1.40. If confirmed, this could signal a pullback toward $1.30 before another attempt to push higher. However, holding above moving averages such as the 20-day and 50-day keeps the overall trend bullish.

Momentum indicators show signs of hesitation. The RSI hovers just below overbought levels, while MACD lines are flattening after a prior bullish cross. This suggests that while buyers are strong, they must act decisively to avoid a reversal.

Market Sentiment and Outlook

The broader market has been choppy, but Mantle’s ability to sustain its rally sets it apart. Traders are watching the $1.40 level closely, as a clean breakout could attract fresh inflows and extend the rally toward $1.50.

If momentum fades, the $1.30 neckline will act as the first line of defense. A breakdown below this level could trigger a slide back toward $1.05, although this scenario appears less likely given current buying activity.

Final Thoughts

Mantle’s surge to $1.39 and firm support above $1.30 highlight its strength in a mixed market environment. The $1.40 resistance remains the critical level to watch. A successful breakout would signal bullish continuation, while rejection could keep Mantle consolidating within its current range.

For investors, Mantle remains a token to watch as it tests resistance with strong underlying momentum. The coming weeks will likely determine whether this rally extends further or enters a cooling phase.

FAQs

What is Mantle’s current price trend?

Mantle is trading around $1.39 after a 12% rally, showing strength above its $1.30 support zone.

Why is $1.40 an important level for Mantle?

The $1.40 mark is acting as a major resistance point. A breakout above it could drive momentum toward higher targets.

What happens if Mantle falls below $1.30?

If $1.30 fails as support, MNT could retrace toward $1.05, though buyers have so far defended the level.

Is Mantle still bullish?

Yes, Mantle remains in an overall uptrend, supported by higher lows and sustained volume inflows.

What is Mantle’s next price target?

If bulls succeed in clearing $1.40, the next likely target for MNT is around $1.50.