Ethereum

Resistance

Mantle

Billion

Coin

<ul class="list-ic vertical">
 <li><span>1</span> <a>The Mantle coin’s price decreased by 5.95% over the last week and is trading below the major EMA’s.</a></li>
 <li><span>2</span> <a>The price of the MNT coin is trading at $0.37611127 and the three-month trading range is $0.37537506 – $0.59987500. </a></li>
</ul>
<p>Mantle Network is an L2 solution that scales Ethereum with its native token, MNT. MNT is used for gas fees, ecosystem growth, and community governance. MNT works with the Ethereum Virtual Machine and has a flexible design that can integrate the latest innovations.</p>
<p>Mantle (MNT) has a maximum market cap of $2,370,779,997, which is the fully diluted valuation (FDV) of the cryptocurrency. This is based on the assumption that all 6.2 Billion MNT tokens are circulating in the market today. However, the actual number of MNT tokens in circulation may be lower, depending on how the MNT tokens are emitted over time. Therefore, it may take several years before the FDV is achieved.</p>
<p>MNT crypto plummeted by 2.06% in market value and surged by 39.51% in trading volume in the last 24 hours, per Coinmarketcap which is a crypto data and info website. Its market value is $1,215,067,452 and its trading volume is $27,437,423. There are 3,189,620,629 MNT in circulation.</p>
<p>Also, Mantle (MNT) open interest is $1.54 Million, as per Coinglass, which is a crypto analysis website, it rose by 3.90% in the previous session. The long versus short ratio for 24 hours is 0.8632. The total number of short positions added in the last 24 hours is zero against longs of $3,260.31.</p>
<p>Moreover, the MNT coin has not shown good performance this month, as it fell by 8.10% and by 35.40% in the past three months.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-mnt-coin-price-technical-analysis-in-the-1-day-timeframe-strong"><strong>MNT Coin Price Technical Analysis in the 1-Day Timeframe</strong></h2>
<p>At the time of publishing, Mantle (CRYPTO: MNT) is trading below the 9 and 21-day EMAs (exponential moving averages).&nbsp;</p>
<p>The MACD line at 0.00741 and the signal line at 0.00663 are below the zero line both lines cross each other showing a bear crossover is observed in the MACD oscillator, where the histogram width is lean indicating price consolidation or trend continuation.</p>
<p>The current value of the RSI is 29.11 points and the 14-day SMA is below the median line at 39.53 points.</p>
<p>MNT price showed a consolidating trend for the past three months. At the time of publication, the MNT price is trading at $0.37611127, and if more selling volume adds then the breakdown might drag the price towards new lows.</p>
<p>Therefore, the MNT price could continue to move downwards and form new support at $0.200 and $0.100, If it fails to maintain the current level.</p>
<p>However, if <a href="https://www.thecoinrepublic.com/2023/09/25/mantle-price-prediction-mnt-price-near-ytd-low-will-it-recover/" rel="noopener noreferrer nofollow">the MNT price </a>sustains the current level and rises above the previous swing high, then it might hit and reclaim previous resistance levels of $0.400 and $0.500.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh3.googleusercontent.com/vPsgfpW9_dimhpNKJ7DMl-xBlYEXF7Aq6Ii0pEm6is7kg560T2t1SvpBA9t4x951ZyMpc42Tablom1S4UM5gWdYavKSB-sZD-TZE1Nb93_Gbmy_A8x49b-4LS2M0OyY97gqXep_Wj_VtSkeQ6O9T2BY" alt="Mantle 2023: Can MNT Price Reach ATH Of $0.60 By Year End?">
  <figcaption class="wp-element-caption">
   Source: MNT/USD.1D.CRYPTO by TradingView
  </figcaption>
 </figure>
</div>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh4.googleusercontent.com/ovV2icSsMavEdcN17ZftLnv087wOnyb1SXfTfMxBHX9L6XsO_4f0Wn9PMJSkZduE66HbRvcBQRBrXjP6PXNsjSIgL1C7nes2v28IzZkLqc11XZzjnFh6AXECm2ZmPYx0reH1a2JmeY1AXbEmFf44Yhk" alt="Mantle 2023: Can MNT Price Reach ATH Of $0.60 By Year End?">
  <figcaption class="wp-element-caption">
   Source: MNT/USD.1D.CRYPTO by TradingView
  </figcaption>
 </figure>
</div>
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p><a href="https://www.thecoinrepublic.com/2023/09/25/mantle-price-prediction-mnt-price-near-ytd-low-will-it-recover/" rel="noopener noreferrer nofollow">MNT price</a> highlights the neutral to bearish sentiments and perspectives of investors and traders regarding the MNT in the daily time frame. The technical parameters of the MNT price suggest the continuation of the bearishness over the daily time frame. Moreover, MNT price action highlights a bearish to consolidation view at the time of publishing.</p>
<h4 class="wp-block-heading"><strong>Technical Levels:</strong></h4>
<ul>
 <li><strong>Support levels:</strong> $0.200 and $0.100.</li>
 <li><strong>Resistance levels: </strong>$0.400 and $0.500.</li>
</ul>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>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.</p>

Mantle 2023: Can MNT Price Reach ATH Of $0.60 By Year End?

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