Mantle

Date:&nbsp;Wed, Aug 20, 2025 | 06:35 AM GMT
The cryptocurrency market has been under pressure this week, with Ethereum (ETH) sliding to $4,150 from its recent high of $4,780 — marking a 10% weekly drop. This weakness has spilled over into several major <a href="https://coinsprobe.com/pump-fun-pump-to-dip-further-key-breakdown-signals-potential-downside-move/" rel="noopener noreferrer nofollow">altcoins</a>.
Yet, Mantle (MNT) is showing remarkable resilience. While the broader market struggles, MNT posted an 8% gain today and extended its monthly rally to over 73%. This impressive run has now brought the token face-to-face with a critical resistance level — raising the question: is a bullish breakout on the horizon?
<img src="https://academy-public.coinmarketcap.com/optimized-uploads/e4046c10eb2e40dbb1e53130d50df1cc.png">Source: Coinmarketcap
<h3 id="double-bottom-formation-in-play">Double Bottom Formation in Play</h3>
On the weekly chart, Mantle is shaping a double bottom pattern, which is often considered one of the strongest bullish reversal setups. The chart highlights two clear lows at nearly the same level, validating the structure.
<img src="https://academy-public.coinmarketcap.com/optimized-uploads/9e2f68cd0e98457e8363847e734bc634.png">Mantle (MNT) Daily Chart/Coinsprobe (Source: Tradingview)
After bouncing strongly from the right bottom support near $0.55, <a href="https://coinsprobe.com/mantle-mnt-heading-toward-key-support-double-bottom-setup-hints-at-a-possible-reversal/" rel="noopener noreferrer nofollow">MNT</a> has rallied all the way to $1.39. The token is now testing the neckline resistance between $1.38 and $1.41, a level that could determine whether the next major leg higher begins.
<h3 id="what-s-next-for-mnt">What’s Next for MNT?</h3>
If Mantle breaks above this neckline resistance, the double bottom pattern would be confirmed. This scenario opens the door for a rally toward $2.27, a level projected by measuring the height of the pattern and extending it upward from the neckline. Such a move would represent a potential 62% upside from the current price.
In many cases, however, a breakout is followed by a retest of the neckline before momentum resumes to the upside.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
Also Read: <a href="https://coinsprobe.com/sui-sui-testing-key-fractal-support-what-could-come-next/" rel="noopener noreferrer nofollow">Sui (SUI) Testing Key Fractal Support – What Could Come Next?</a>

Mantle (MNT) Rallies to Key Resistance – Is a Bullish Breakout on the Horizon?

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