Mantle Price Today: MNT Aims for Breakout Above Key Level
Mantle (MNT) dropped slightly by around 1% after three days of gains. But overall, the crypto market trend for MNT remains positive. Traders are watching closely for a possible breakout.
Open Interest Shows Strong Trader Confidence
Open Interest (OI) in Mantle futures has gone up by 18%, now reaching around $21.6 million. This means more traders are entering or holding their positions. It shows growing confidence in MNT’s price action.
Watch the 200-Day EMA
Right now, MNT is trading between its 100-day and 200-day moving averages. The key resistance level is the 200-day EMA, around $0.7485. If the price can move above this level, it could signal a strong MNT breakout.
MNT is also close to a lower support level near $0.6903, based on Fibonacci retracement levels. A strong push above resistance might take MNT toward the $0.88–$0.89 range.
Technical Indicators Suggest Bullish Momentum
The RSI is near 69, showing buying pressure is increasing, but not yet in the overbought zone. The MACD is turning positive, which also supports a bullish outlook.
Impact :
If Mantle breaks above the 200-day EMA, the price could possibly rise toward $0.89. But if it fails, MNT might drop back to the $0.69 support level.