2024

Arbitrum

Mantle

<a href="https://bitcoinworld.co.in/mantle-mnt-price-reaches-new-all-time-high-is-1-possible/" title="Mantle (MNT) Price Reaches New All-Time High, Is $1 Possible?" rel="nofollow"></a>
<ul> 
 <li style="font-weight: 400">Mantle’s (MNT) price broke out and reached a new all-time high today.</li> 
 <li style="font-weight: 400">The daily time frame Relative Strength Index (RSI) and price action both support the bullish MNT trend.</li> 
 <li style="font-weight: 400">Despite the bullish MNT price prediction, falling below $0.58 will invalidate the bullish MNT wave count.</li> 
</ul> 
The price of Mantle (MNT) has been on an upward movement since October 18, 2023. The increase caused a breakout from the previous all-time high region of $0.53 in December. 
Then, after some consolidation, MNT began another upward movement on December 18.&nbsp; 
After creating a higher low on January 8, 2024, the altcoin accelerated its rate of increase, reaching a new all-time high <a href="https://coinstats.app/coins/mantle/">price</a> of $0.82 today.&nbsp; 
<figure id="attachment_62191" aria-describedby="caption-attachment-62191" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class=" wp-image-62191" src="https://bitcoinworld.co.in/wp-content/uploads/Mantle-Price-Chart-483x300.png" alt="" width="567" height="352" srcset="https://bitcoinworld.co.in/wp-content/uploads/Mantle-Price-Chart-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/Mantle-Price-Chart.png 760w" sizes="(max-width: 567px) 100vw, 567px">
 <figcaption id="caption-attachment-62191" class="wp-caption-text">
 Mantle Price Chart | Source: Coinstats
 </figcaption>
</figure> 
&nbsp; 
The RSI is a momentum indicator traders use to evaluate whether a market is overbought or oversold and whether to accumulate or sell an asset. 
Readings above 50 and an upward trend suggest that bulls still have an advantage, while readings below 50 indicate the opposite.&nbsp; 
The daily RSI is increasing and above 50. Also, it broke out from its bearish divergence trend line (green), which is all a bullish sign. 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/the-price-of-immutable-imx-rises-more-than-4-in-24-hours/" aria-label="“The Price Of Immutable (IMX) Rises More Than 4% In 24 Hours” (Edit)">The Price Of Immutable (IMX) Rises More Than 4% In 24 Hours</a> 
<h3 id="span-style-font-weight-400-what-are-analysts-saying-span">What Are Analysts Saying?</h3> 
Cryptocurrency traders and analysts on X are bullish on the future MNT trend. 
Defi Maestro is bullish because of the increasing number of daily transactions. Currently, MNT has more than 800,000 daily transactions, lagging behind Arbitrum but nearly twice as much as Optimism. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <a href="https://twitter.com/0xMantle?ref_src=twsrc%5Etfw">@0xMantle</a> gona continue to cook 
 We are just getting started <a href="https://t.co/C2RH48adQn">pic.twitter.com/C2RH48adQn</a> 
 — Defi_Maestro ✺ (@Defi_Maestro) <a href="https://twitter.com/Defi_Maestro/status/1743173742644347245?ref_src=twsrc%5Etfw">January 5, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<a href="https://twitter.com/KashKysh/status/1745202863142257131">KashKysh</a> believes that a rotation toward the Ethereum ecosystem is underway. Hence, layer-2 solutions like Arbitrum and Mantle will enjoy success.&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 As the ETH rotation is on, here's the playbook: 
 L2s are the obvious beta play: <a href="https://twitter.com/search?q=%24METIS&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$METIS</a> <a href="https://twitter.com/search?q=%24MNT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MNT</a> <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ARB</a> <a href="https://twitter.com/search?q=%24OP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$OP</a> 
 Strongest narrative is Restaking: <a href="https://twitter.com/search?q=%24RSTK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$RSTK</a> – gud time to drop <a href="https://twitter.com/search?q=%24EIGEN&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$EIGEN</a> please 
 LST: <a href="https://twitter.com/search?q=%24RPL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$RPL</a> <a href="https://twitter.com/search?q=%24LDO&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LDO</a> <a href="https://twitter.com/search?q=%24FXS&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FXS</a> <a href="https://twitter.com/search?q=%24BTRFLY&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTRFLY</a><a href="https://twitter.com/search?q=%24BANANA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BANANA</a> will also profit heavily from this rotation, i'm balls deep in it <a href="https://t.co/bakUTi2cXI">pic.twitter.com/bakUTi2cXI</a> 
 — KashKysh <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2744.png" alt="❄" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@KashKysh) <a href="https://twitter.com/KashKysh/status/1745202863142257131?ref_src=twsrc%5Etfw">January 10, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Finally, Lisa Edwards noted the new all-time high reached today. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <a href="https://twitter.com/search?q=%24MNT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MNT</a> is one to watch!!! Layer 2 <a href="https://t.co/Bwc1SVpFBI">pic.twitter.com/Bwc1SVpFBI</a> 
 — <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2763.png" alt="❣" class="wp-smiley" style="height: 1em; max-height: 1em;">Lisa N Edwards<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2763.png" alt="❣" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@LisaNEdwards) <a href="https://twitter.com/LisaNEdwards/status/1745196473846051101?ref_src=twsrc%5Etfw">January 10, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote> 
The post <a href="https://bitcoinworld.co.in/mantle-mnt-price-reaches-new-all-time-high-is-1-possible/">Mantle (MNT) Price Reaches New All-Time High, Is $1 Possible?</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

Mantle (MNT) Price Reaches New All-Time High, Is $1 Possible?

Table of Contents

ItsBitcoinWorld

Other articles published on Jan 11, 2024

Codego Group Launches CodegoPay - An All-In-One Payment App with IBANs, Cards, and Crypto-EURO Co...

Why Ethereum (ETH) Price is Up Today?

XRP supporter comments on ETF launch; InQubeta presale exceeds $8m

Alone in the Dark: The New Nightmare Leaked as Potential Addition to PS Plus Catalog

Spotlight on Canada’s Crypto Landscape: Coinbase Director’s Insightful Remarks

Why is REQ Price Up By 30%?

Join our free newsletter for daily crypto updates!