Mantle

The post <a href="https://coinpedia.org/price-analysis/mantle-price-jumps-over-20-today-will-mnt-price-hold-its-gains/" rel="noopener noreferrer nofollow">Mantle Price Jumps Over 20% Today! Will MNT Price Hold Its Gains?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The Mantle (MNT) price has gained over 21% within the past 24 hours, making it one of the top gainers of the day over the past day. Further, the MNT price has added over 33% over the past week, indicating a massive bullish move in the cryptocurrency market.
The Mantle price traded in a narrow space between $0.5773 and $0.6045 for a while, following which the bulls lost momentum and the price experienced a breakdown. The MNT token then traded between $0.5468 and $0.5773 for three days, after which the bulls regained power and jumped over 15%.
The price then faced rejection at $0.6353, following which the price recorded a correction of approximately 10% in valuation. However, the bulls quickly regained power, resulting in a bounceback of 15%.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/Th26sIT2C49MR7O5PFv8MDX7auUMYJ8v-4P27o9RJb4XC6qx-rFOfZ9_uT7sHS6QdsxfDP6aMIIJecIEuxYxKh6gFMYVSbV0ljW_GFZTzI11Erw4MBOUh9VWUEFp_GBP99QCPsNpAqWt4N2fIvvSeI8" alt="Mantle Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: MNT/USDT
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</figure>
After this, the price traded sideways in a narrow space between $0.6353 and $0.6675 for about a week. The bulls attempted a breakout, but the bulls lost momentum, resulting in a correction of over 15%.
Following this, the price traded sideways between $0.5773 and $0.6045 for a while. As the market gained momentum, the MNT price recorded a jump of 38.5% in valuation.
Currently, the price is testing to break out its resistance level at $0.80 of which the outcome is uncertain.
<h2 class="wp-block-heading" id="h-will-mnt-price-continue-rising">Will MNT Price Continue Rising?</h2>
The Relative Strength Index (RSI) has breached the overbought range, indicating massive buying pressure in the market. Further, the averages show a constant rise in the chart, suggesting the price is about to experience a significant price action in the coming time.
If the bulls hold the price above the resistance/support level of $0.80, the MNT price will prepare to test its upper resistance level of $0.85. If the market holds the price at that level, the Mantle price will prepare to test its resistance level of $0.90 by the weekend.
Conversely, if a trend reversal occurs, the price will lose momentum and fall to test its support level of $0.7062. Moreover, if the bears continue to dominate the market, it will plunge and prepare to test its lower support level of $0.6675 in the coming week.

Mantle Price Jumps Over 20% Today! Will MNT Price Hold Its Gains?

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