Future

Strong

Mantle

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/mantle-coin-stands-strong-against-major-investor-sell-offs">Mantle Coin Stands Strong Against Major Investor Sell-Offs</a><br></p>
<p style="text-align: justify"> Major <a href="https://en.bitcoinhaber.net/bitcoin-struggles-at-40000-amidst-regulatory-pressure-and-etf-movements">cryptocurrency</a> investors, known as whales, play a significant role in the market dynamics of digital assets, particularly those with a smaller market capitalization. These gargantuan traders often trigger considerable price swings with their large-volume transactions. Recently, an altcoin named Mantle (MNT) demonstrated resilience in the face of substantial sell-offs by whale accounts, hinting at a possible subsidence of a declining trend. </p> 
<h2 id="recovery-after-turbulence">Recovery After Turbulence</h2> 
<p style="text-align: justify"> Mantle Coin experienced a remarkable peak reaching $1.31 last week before it settled back at $1.22. Altcoins like MNT, with their lower market caps, tend to attract investors aiming to capitalize on their price volatility. Mantle Coin’s ability to hold its ground above the 50-day Exponential Moving Average (EMA) serves as a testimony to its stability amidst market fluctuations. </p> 
<p style="text-align: justify"> The initial drop in Mantle Coin’s value can be traced back to a reduction in the token’s availability outside of exchanges. This was exacerbated by a massive whale-initiated sell-off amounting to 30 million MNT, culminating in $36 million worth of selling pressure. This move by large investors to liquidate their holdings prevented the coin from scaling new heights. </p> 
<h2 id="market-sentiment-and-future-trajectory">Market Sentiment and Future Trajectory</h2> 
<p style="text-align: justify"> Analyses of the current market sentiment reveal that a majority of investors are breaking even, with a smaller portion still seeing profitability. The absence of larger losses indicates a sustained interest in the coin, suggesting that the worst of the downturn may have passed. </p> 
<p style="text-align: justify"> Market projections indicate that with a diminishing urge to sell among investors and the recent heavy sell orders now fulfilled, the support level at $1.07 is likely to remain intact. The 50-day EMA not only provides substantial support but also lays the groundwork for potential positive momentum. </p> 
<h2 id="helpful-points">Helpful Points</h2> 
<ul> 
 <li>Investors are predominantly at break-even, with a smaller percentage still in profit.</li> 
 <li>The 50-day EMA serves as a crucial support level for Mantle Coin.</li> 
 <li>Current market conditions suggest the possibility of a rebound to the all-time high of $1.31.</li> 
</ul> 
<p style="text-align: justify"> While the all-time high now poses as a resistance level, the prospect of retesting it remains if investor sentiment remains resilient in the face of potential declines in <a href="https://en.bitcoinhaber.net/bitcoins-bullish-signals-contrasting-views-on-overbought-status-and-rsi-indicators">Bitcoin</a>‘s value. However, should Mantle Coin’s price slip below the $1.07 support, the market could see a drop to $0.94, and further downturns below $1 could trigger additional sell-offs. While predictions in the crypto arena are inherently uncertain, Mantle Coin has shown that it’s a player to watch in the volatile cryptocurrency market.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/mantle-coin-stands-strong-against-major-investor-sell-offs">Mantle Coin Stands Strong Against Major Investor Sell-Offs</a></h5>

Mantle Coin Stands Strong Against Major Investor Sell-Offs

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