2024

when

Mantle

Daily

<ul class="list-ic vertical"> 
 <li> 1 <a>The price could experience a major surge if it breaks out of the consolidation phase.&nbsp;</a> </li> 
 <li> 2 <a>An analyst has also posted an optimistic tweet about the potential for a bullish reversal.</a> </li> 
</ul> 
The Mantle (MNT) Network is built on an ETH chain and is an L-2 solution of scalability, as well as an ERC20 token. It is an EVM-compatible tech that’s solely designed to scale Ethereum efficiently and cost-effectively. MNT drives the Mantle network ecosystem, as major fuel to it, this token of could be used as the collateral assets for Mantle Network nodes, contributing towards network security and stability.&nbsp; 
<h2 class="wp-block-heading" id="strong-by-2024-first-half-mantle-mnt-tvl-had-surged-4x-strong">By 2024 First Half, Mantle (MNT) TVL had Surged 4x!</h2> 
The Mantle total value locked (TVL), which is the total USD values of digital assets that are staked or locked on the ETH chain, has been inclining since the start of 2024, when it was around at $120 Million. <iframe loading="lazy" width="100%" height="425px" src="https://defillama.com/chart/chain/Mantle?&amp;theme=dark" title="DefiLlama" frameborder="0"></iframe> 
Mantle (MNT) TVL | By DefiLlama.com 
In what has been seen as a confidence booster, when the Total Value Locked of MANTLE (MNT) over the Defilama platform increases, its liquidity, popularity, and usability also increase. This reflects that the higher TVL makes the MNT asset more reliable and less riskier. The total TVL almost rose 4x and stood at an ATH $465.22 Million as per the DefiLlama, by June 6th, 2024. 
<h3 class="wp-block-heading" id="strong-mantle-one-of-the-top-daily-gainers-on-cmc-strong">Mantle- One of the Top Daily Gainers on CMC</h3> 
According to Alt Crypto Talk’s tweet post on X, Mantle (MNT) has shown a 9.27% intraday increase and is among the top daily gainers on CoinMarketCap, along with Stacks (STX), SUI (SUI), Cronos (CRO), and ORDI. 
<center>
 <blockquote class="twitter-tweet">
 Top Daily Crypto Gainers | 6/6/24 1- <a href="https://twitter.com/0xMantle?ref_src=twsrc%5Etfw">@0xMantle</a> <a href="https://twitter.com/search?q=%24MNT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MNT</a> 2- <a href="https://twitter.com/Stacks?ref_src=twsrc%5Etfw">@Stacks</a> <a href="https://twitter.com/search?q=%24STX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$STX</a> 3- <a href="https://twitter.com/SuiNetwork?ref_src=twsrc%5Etfw">@SuiNetwork</a> <a href="https://twitter.com/search?q=%24SUI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SUI</a> 4- <a href="https://twitter.com/cronos_chain?ref_src=twsrc%5Etfw">@Cronos_Chain</a> <a href="https://twitter.com/search?q=%24CRO&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$CRO</a> 5- <a href="https://twitter.com/hashtag/Ordi?src=hash&amp;ref_src=twsrc%5Etfw">#Ordi</a> <a href="https://twitter.com/search?q=%24ORDI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ORDI</a> Source: <a href="https://twitter.com/CoinMarketCap?ref_src=twsrc%5Etfw">@CoinMarketCap</a> <a href="https://t.co/f7Av1MECaG">pic.twitter.com/f7Av1MECaG</a>— AltCryptoTalk (@AltCryptoTalk) <a href="https://twitter.com/AltCryptoTalk/status/1798600709677703528?ref_src=twsrc%5Etfw">June 6, 2024</a>
 </blockquote> 
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</center> 
Furthermore, Mantle crypto optimized by 6.33% in market value and massively optimized by 103.07% in trading volume in the last 24 hours, as per CMC. Where its market value stands at $3.392 Billion, and its trading volume of the last 24 hours amounted to be $122.610 Million. There are a total of 3.264 Billion MNT in circulation, where the volume to market cap ratio highlights that it has low liquidity at 3.53%, and traders should stay cautious towards it. 
<h3 class="wp-block-heading" id="strong-technical-perspective-of-mantle-crypto-price-strong">Technical Perspective of Mantle Crypto Price</h3> 
Mantle price had been on an uptrend until April 8th, 2024, when the price was rallying and peaked at $1.450. 
However, the price failed and plunged, which was followed by a declining trendline. MNT formed support at $0.9400 and has been in a consolidating range in a Darvas box range.&nbsp; 
The sideways range illustrates that the bulls are holding the key support, and bears are desperately trying to breach the support. However, bears are not strong enough to push below $0.9400.&nbsp; 
Also, it has been witnessed that the price had breached the trendline by remaining in a Darvas box. This could be a major sign of a comeback of bulls as the price needs a major push to break the Darvas box for the upside, with an aim for 100% growth on the daily chart up to the $2.0 Mark. 
<h3 class="wp-block-heading" id="strong-indicator-outlook-of-mantle-mnt-and-price-forecast-strong">Indicator Outlook of Mantle (MNT) and Price Forecast</h3> 
Mantle asset price has exhibited positive momentum as it stayed above major 50-day and 200-day EMAs. Similarly, MNT is trying to gain traction, as bullish strength is increasing with the formation of a golden cross in MACD, as the histogram widened at 0.00467. Likewise, the RSI has glared above 50, at 54.56, signifying that Mantle is in positive territory and could go up. 
Market Spotter noted that Mantle has built a rising broadening wedge, and a bullish reversal could be triggered from the lower boundary of the wedge, which would bring MNT price out of this consolidation.&nbsp; 
<center>
 <blockquote class="twitter-tweet">
 The price of <a href="https://twitter.com/search?q=%24MNT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MNT</a> is bouncing from a strong level of support. It will likely pump till $1.2 and once it clears the resistance at that area, it can 2x easily! <a href="https://t.co/tebZdsoGrD">pic.twitter.com/tebZdsoGrD</a>— Market Spotter (@MarketSpotter) <a href="https://twitter.com/MarketSpotter/status/1798576865730351244?ref_src=twsrc%5Etfw">June 6, 2024</a>
 </blockquote> 
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</center> 
He further stated that the chart looks bullish and MNT bounced from a strong support wedge. If the buyers’ interest increases, then a pump in the price could be massive, leading to a 2x gain easily on the daily chart. 
<h3 class="wp-block-heading" id="strong-what-would-happen-if-darvas-box-is-breached-strong">What Would Happen if Darvas Box is Breached?</h3> 
Overall, Mantle is ready for a remarkable surge as it harnesses strength by consolidating in the Darvas box range. Once breached, the price could blast through the barrier and thrust upward to new levels from the current support zone.  
<a href="https://in.tradingview.com/chart/MNTUSD/UZLWDnV1-the-Mantle-crypto-traded-at-1-028-that-has-surged/"></a><a href="https://in.tradingview.com/u/Sam_TCR/">Sam_TCR</a><a href="https://in.tradingview.com/"></a>  
At press time, the Mantle crypto traded at $1.028 that has surged at 0.76% in the last intraday sessions. Therefore, if the demand for the asset remains high, Mantle could bounce back from the current level. The next target for the Mantle is to reach $1.30, and $1.55. 
However, if Mantle fails to stay above $1.0, it could decline further and could strengthen the bearish angle. 
<h3 class="wp-block-heading" id="strong-summary-strong">Summary</h3> 
Mantle crypto has shown a significant increase in market value and trading volume. There are indications that the bulls are holding the key support, and analysts believe that the price could experience a major surge if it breaks out of the <a href="https://www.thecoinrepublic.com/2024/02/03/gas-price-prediction-will-gas-escape-out-of-consolidation-zone/" target="_blank" rel="noreferrer noopener">consolidation </a>phase.&nbsp; 
Technical indicators like the 50-day and 200-day EMAs, MACD, and RSI suggest a bullish momentum. An analyst has also posted an optimistic tweet about the potential for a bullish reversal.&nbsp; 
At the time of writing, Mantle was trading at $1.028, with the next price targets at $1.30 and $1.55. However, a decline is possible if the price fails to stay above $1.0. 
<h4 class="wp-block-heading">Disclaimer</h4> 
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.

Can Mantle Gain 100% As Analysts Are Optimistic & TVL At ATH?

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