mnt

The Mantle (#MNT ) market continues to show weakness, as recent selling pressure accelerated its downward momentum 📉. Following Monday’s broader crypto selloff, MNT dropped to a new local low of $1.18, signaling sustained bearish dominance.
💥 What’s Behind the Drop?
The market-wide correction — fueled by volatility in Bitcoin (BTC) and a $100 billion decline in total crypto market capitalization — triggered over $1.1 billion in liquidations within 24 hours. This sharp downturn has dragged MNT deeper into bearish territory, with traders anticipating potential further losses in the short term.

📊 Over the last 24 hours, MNT price fell –5.11%, while its daily trading volume surged +83%, indicating strong selling activity and fear-driven exits from investors.
💭 What’s Next for MNT?
The prevailing trend remains bearish, but a brief rebound toward the $1.40 supply zone ⚔️ could occur before the next downward leg. The $1.10 level now stands as a critical support area — a zone that previously served as a key launchpad during the September rally.
On the other hand, $1.40 represents the immediate resistance, and only a breakout above it could suggest early signs of stabilization.
📉 Technical Outlook:


The Chaikin Money Flow (CMF) indicator has dipped below –0.05, reflecting strong capital outflows and mounting sell pressure.


The Directional Movement Index (DMI) shows the –DI (red) line above 20, while the ADX (yellow) is trending upward — confirming a strengthening bearish trend on the daily timeframe.


A steady decline in Open Interest (OI) suggests that many leveraged traders were either liquidated or exited positions due to rising volatility. This drop in OI indicates weakened confidence, further intensifying downside momentum.


📉 Market Sentiment:
Fear and heavy liquidation activity are dominating the scene, pushing MNT closer to the psychological $1.00 zone 🕳️. While a short-term recovery toward $1.40 remains possible, the broader trend is still tilted decisively downward.
⚠️ Disclaimer: The information presented is for educational and informational purposes only and should not be considered financial or investment advice.
#TRYHARED @Tryhared

#MNT

In this analysis, I’ll review MNT, the token for the Mantle Network, which is a Layer 2 solution on Ethereum. Over the past few weeks, this token has shown significant bullish activity. If you’ve been following our YouTube channel, you’ve likely participated in the Cook airdrop on Mantle and bought MNT at lower prices.

🔍 After the price reached the $1.2701 zone and made a false breakout, it failed to reach the $1.4386 resistance level and began a correction, retracing to the 0.236 Fibonacci level.

📊 Despite the ongoing correction, selling volume has decreased, and green candles exhibit higher volumes, indicating the strength of MNT’s bullish trend.

📈 If the price breaks through $1.2701, it can easily register a new all-time high. However, to determine the precise targets, we need to wait for the breakout confirmation and utilize Fibonacci extension levels.

🧩 If the price fails to hold the 0.236 Fibonacci level, it could drop further toward the 0.382 level, which overlaps with the $0.9248 support zone.

🔽 Further support zones include the 0.5 Fibonacci level at $0.83 and the range between 0.707 and 0.786 Fibonacci levels, which intersects with the $0.655 support zone.
A breach of the $0.655 support would indicate the end of the uptrend, with the final major support resting at $0.5373.

✨ Additionally, breaking the 50 RSI support would increase the likelihood of a bearish continuation scenario.

📝 Final Thoughts

This analysis reflects our opinions and is not financial advice.