Stacks

Mantle

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/altcoin-spotlight-stx-and-mnt-outperform-in-the-crypto-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Altcoin Spotlight: STX and MNT Outperform in the Crypto Market</a> 
<a href="https://coin-turk.com/ne-litecoin-ne-shiba-inu-dikkat-edilmesi-gereken-bu-altcoin-hepsini-geride-birakti" data-wpel-link="internal" rel="noopener noreferrer nofollow">The crypto market</a> continues to see a rise, delighting many <a href="https://coin-turk.com/shiba-gelecegi-endise-kaynagi-mi-shib-icin-ne-beklenmeli" data-wpel-link="internal" rel="noopener noreferrer nofollow">altcoin</a> investors. Recent developments in blockchain ecosystems have accelerated the momentum of blockchain projects and directed more investors towards this field. So, what are the expectations for the popular projects STX and MNT? Let’s take a look together.
<h2 class="p1" style="text-align: justify" id="stacks-technical-analysis">Stacks Technical Analysis</h2>
Bulls successfully defended the $2.77 level, which is the 20-day EMA average, during the correction in Stacks. This indicates a positive trend where bulls continue to buy the dips. The strong surge on March 10th suggests the bulls are back in full force, but the long wick on the candlestick indicates that bears have not given up yet. Buyers need to push the price above $3.39 to signal the start of a renewed uptrend. The STX/<a href="https://coin-turk.com/1-milyar-dolarlik-buyuk-tether-transferi-duyuruldu" data-wpel-link="internal" rel="noopener noreferrer nofollow">USDT</a> pair could rise to $4.58 and eventually to the psychologically important $5 level.
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-325561 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/stx.webp" alt="" width="1328" height="798">
The 20-day EMA average continues to be an important level to watch for a downward trend. If bears pull the price below this support, it will indicate that bulls have lost control. The pair could then drop to the 50-day SMA average of $2.20.
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-325560 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/stx-4s.webp" alt="" width="1328" height="798">
The 4-hour chart shows a sharp rise in price after breaking above the downtrend line. If the price rebounds strongly from the current level, it could increase the likelihood of a breakout above $3.39. Conversely, if the price continues to fall and drops below the moving averages, it could indicate that bears remain active at higher levels. The pair could retreat to the $2.40 level and then to $2.20.
<h2 class="p1" style="text-align: justify" id="mantle-technical-analysis">Mantle Technical Analysis</h2>
Mantle is on the rise, but bears have not given up as seen by the long wick on the March 8th bar, attempting to halt the rally at $1.15. A slight advantage for buyers is that they have kept the price above the psychological $1 level. Rising moving averages and the RSI in the overbought zone indicate that bulls are in control.
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-325559 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/mnt-gunluk-.webp" alt="" width="1328" height="798">
If buyers push the price above $1.15, the MNT/<a href="https://en.coin-turk.com/tethers-usdt-backed-by-chinese-securities-revealed-in-ny-prosecutors-report/" data-wpel-link="internal" rel="noopener noreferrer nofollow">USDT</a> pair could initiate the next leg of the upward movement to $1.37 and then to $1.50. This optimistic view will be negatively affected in the short term if the price falls and goes below the 20-day EMA average of $0.91. The pair could drop to $0.85 and then to the $0.80 level.
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter wp-image-325558 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/mnt-4s.webp" alt="" width="1328" height="798">
Bulls are trying to turn the $1.01 breakout level into support. If they succeed, it will signal strong buying at lower levels. If buyers lift the price above $1.07, the pair could reach $1.15. A breakout above this level could indicate a recovery in momentum. Alternatively, if bears pull the price below $1.01, it will show a lack of demand at higher levels. There is also a minor support at the 50-day SMA average, but if this level gives way, the pair could fall to $0.85.
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/altcoin-spotlight-stx-and-mnt-outperform-in-the-crypto-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Altcoin Spotlight: STX and MNT Outperform in the Crypto Market</a></h5>

Altcoin Spotlight: STX and MNT Outperform in the Crypto Market

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