Revive

Resistance

Mantle

<ul class="list-ic vertical">
 <li><span>1</span> <a>The current price action of Mantle is trading at $0.56900000 and is breaking previous swing lows, making downward B-o-S.</a></li>
 <li><span>2</span> <a>RSI, MACD, and EMAs highlight bearishness on the chart.</a></li>
</ul>
<p>The price action shows that the price was in a great uptrend before and made higher highs and lows from $0.32000 to $0.85000, respectively, in the past. MNT crypto showed a sign of decline as the price dropped from a supply level of around $0.85000 on the chart.</p>
<p>The MNT crypto is near a big drop, as it meets the resistance level and makes lows from the current support zone. On analyzing the overall trend, it has achieved bad performance in the last week, and last month by 10.02%, and 11.55%, respectively, which confirms a downtrend.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/86OQ39aD1f6ThNanZNMn8SjXYPCr0az6U2ZjmXJYrvAPwAJH1xOcL9FxTcCkUJgYo2koJLFGz4of-HhF8-C4xpXCb6iBiXgjC3PTlZEGYlxNpuFqOv9gazagvsxI4AC_B0uPD41F5kwA1sIbcPk07oo" alt="Mantle Crypto: Can MNT Price Revive From Current Level or Slump?">
  <figcaption class="wp-element-caption">
   Source: MNT/USD: CRYPTO.1.D. by TradingView
  </figcaption>
 </figure>
</div>
<p>MNT crypto chart shows a 2.69% drop in the last 24 hours, and is currently trading at $0.56900000 and current price action are breaking previous swing lows, making downward B-o-S.</p>
<p>Therefore, if the MNT crypto price fails to stay above the $0.54213411 level, it could break the current support and fall to the next big support.</p>
<p>However, if the demand for the crypto and buying force rises high, then the MNT asset price could turn around from the current level. The next aim for the MNT price would be to reach $0.66435133.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/zSisfO7qiMxmpMd-btjG1MtHy3B5ADszRGD3F9elXKUO9HkZEgM-bDzgb3RKncAtkgmsFXQSTfDpKvexJJYbXvU9hrWYd8yAORnB9QXSiu9gcvwdv7gyTwHM-uRQJgWdwBhsxI4dekmGN50DrIL8F6U" alt="Mantle Crypto: Can MNT Price Revive From Current Level or Slump?">
  <figcaption class="wp-element-caption">
   Source: MNT/USD: CRYPTO.1.D. by TradingView
  </figcaption>
 </figure>
</div>
<p>The MNT crypto asset is showing bearish features as MACD is at -0.01711983 and shows a bearish crossover. Meanwhile, the signal line is at -0.01284020 and the histogram gap between both the lines are at -0.00426712.</p>
<p>Mantle crypto asset has plugged below the 20, and 50-Day EMAs.</p>
<p>The RSI is on a smooth decline after facing resistance from the 14-SMA, indicating that the MNT crypto asset is losing momentum and could reach new lows. On the other hand, RSI is at 36.63 and 14-SMA smoothened line is at 45.33.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p><a href="https://www.thecoinrepublic.com/2024/01/31/shibarium-protocol-bone-token-broke-a-major-support-level/" target="_blank" rel="noopener noreferrer nofollow">MNT price</a> action highlights bearish sentiments and perspectives regarding the crypto asset in the daily time frame. The Mantle price action highlights a bearish view at the time of publishing, as it recently slumped from a pivotal supply level.&nbsp;</p>
<p>Moreover, the technical parameters of the mantle price suggest the continuation of the downtrend, reliant on the seller’s surge, over the daily time frame chart. The RSI and EMAs suggest bearishness on the MNT chart.</p>
<p>If the MNT crypto price fails to stay above the $0.54213411 level, it could fall sharply.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels</strong>: $0.54213411</p>
<p><strong>Resistance Levels</strong>: $0.66435133.</p>
<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 Crypto: Can MNT Price Revive From Current Level or Slump?

Table of Contents

Thecoinrepublic.com

Other articles published on Feb 1, 2024

ECB’s AI Model Suggests Faster Decline in Euro Area Inflation, but Caution Urged

Salvadoran president’s Bitcoin strategy ‘unwavering’ amid elections

Heroes of Mavia Launches It’s Anticipated Game on iOS and Android with Exclusive Mavia Airdrop Pr...

Solana’s Phantom Wallet Hit With Fresh DDoS Attack

Bullish Golden Cross Forms On Altcoins Chart, Crypto Analyst Expects Big Moves

Polygon Labs cuts 19% of staff in effort toward ‘enhanced performance’

Join our free newsletter for daily crypto updates!