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MNT Hits New ATH at $1.65 Following Key Technical Breakout

MNT weekly price chart

TL;DR

  • MNT breaks previous $1.65 ATH after sturdy breakout from long-term trendline and double backside.
  • The weekly chart exhibits a bullish construction with rising help and robust value continuation above $1.44.
  • Momentum indicators verify energy as MNT trades above Bollinger Bands with a MACD bullish crossover.

Monthly Chart Breaks Long-Term Resistance

Mantle’s token MNT reached a brand new all-time high of $1.65 immediately, after closing a month-to-month candle above a long-standing descending trendline. This trendline linked earlier highs from April 2024 and January 2025.

Notably, the month-to-month chart additionally exhibits a double backside formation, with lows creating round mid-2024 and mid-2025. The value has now closed above the neckline of that sample. According to Trader Tardigrade, “the present candle’s physique is fully above the resistance trendline.” This development may mark the start of a change in construction.

Trading Volume and Exchange Updates

MNT’s present 24-hour buying and selling quantity is $662 million, with a 24-hour value vary between $1.34 and $1.65. The asset is up 18% previously 24 hours and 47% over the past 7 days. Market cap is now at $4.02 billion, up 15% week-over-week.

Crypto analyst Finish noted that MNT serves as Bybit’s core utility token and talked about the potential of future provide reductions by buyback and burn applications. “Many nice issues are loading,” they stated, although the outcomes stay unsure.

Bybit lately added 21 new spot buying and selling pairs for MNT. This may increase buying and selling exercise as extra pairs supply entry to completely different markets.

Meanwhile, the weekly chart exhibits the value transferring above the earlier peak of $1.44, which was set earlier in 2025. After a clear breakout, MNT briefly pulled again to the $1.13 space, which traces up with earlier resistance and should now act as help.

MNT weekly price chart
Source: Finish/X

The 20-week transferring common has turned upward, and the value stays above it. Before this transfer, MNT had spent a number of weeks consolidating between $0.60 and $0.70, forming a rounded backside. That zone acted as a base earlier than the present breakout started.

Momentum Signals Remain Active on Daily Chart

On the every day chart, MNT is buying and selling above the higher Bollinger Band, which presently sits at $1.48. It is now at $1.66, suggesting sturdy momentum. Moves outdoors the higher band are sometimes seen throughout fast value expansions.

MNT price chart
Source: TradingView

Another remark is a latest bullish crossover within the MACD indicator. The MACD line has risen above the sign line, with the histogram extending farther above the zero line. Such readings proceed to dictate that upward momentum stays alive with none fast indicators of reversal.

The publish MNT Hits New ATH at $1.65 Following Key Technical Breakout appeared first on CryptoPotato.

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