Mantle

The post <a href="https://coinpedia.org/price-analysis/mantle-price-breaks-out-of-its-key-level-will-mnt-price-hit-0-6-soon/" rel="noopener noreferrer nofollow">Mantle Price Breaks Out Of Its Key Level! Will MNT Price Hit $0.6 Soon?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Despite the top cryptocurrencies displaying a sideways trend, Layer-2 tokens have recorded significant price movements in their price, indicating a rising interest in investors for the ecosystem.
Mantle price has witnessed a positive move as it has gained over 8% in value, within the past day, making it one of the top gainers of the past 24 hours.
The MNT price traded in a narrow space between $0.3730 and $0.3836 for over two weeks, following which the price gained momentum at the start of November.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/666iW40wUv_dS6Bria3H8fm8EQlTT58BBeuylLl34IaYRW9zZC_K_OqHbQG8brxuI2NdgFbAWBABG-cabhGYyeypZbDL37hnGHU1fXJ3unun7_kIWhMHdDf2yeGC78NqcExWzPPkswu5LBxHkp-TJJ0" alt="Mantle Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: MNT/USDT
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</figure>
Mantle displayed a significant price action as the price broke out of the range and attempted to accumulate a huge gain but the rally was short-lived as the bears pulled back the price leaving a long wick in the chart.
Trading sideways for a period, the price regained momentum and recorded a jump of over 15%, following which the price was rejected at $0.4663.
After multiple failed attempts, the bulls regained power and recorded a jump of over 21% before finally being rejected at $0.5392. The price has been trading in a symmetric triangle since.
<h2 class="wp-block-heading" id="h-will-the-mnt-price-continue-to-rise">Will The MNT Price Continue To Rise?</h2>
The MACD displays a rising green histogram, indicating a massive ongoing price action for the coin. Further, the averages record a decline in its rise, suggesting the possibility of the coin witnessing a correction in the coming time.&nbsp;
If the bulls break out of the triangle pattern, the price will regain momentum and make a run to test its resistance level of $0.5392 soon. Further, if the market maintains the price at that level, it will set the stage for IMX price to attempt to test its upper resistance level of $0.560 by the coming week.
On the flip side, if the price fails to break out of the resistance level, the coin will lose momentum and start trading under a bearish influence. Moreover, if the bulls fail to hold the price, it will continue to dip and fall to test its crucial support level of $0.4663 in the coming month.

Mantle Price Breaks Out Of Its Key Level! Will MNT Price Hit $0.6 Soon?

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