The cryptocurrency market is showing notable strength after Ethereum (ETH) stabilized near $4,350. In this context, several altcoins, including Mantle (MNT), are showing bullish signals.
Double Bottom: A Signal for Growth
On the weekly chart, MNT has confirmed a double bottom breakout—a classic bullish reversal structure that often signals the end of prolonged bearish trends. The pattern developed after MNT formed two consecutive lows around $0.55, from where it staged a sharp rally. The token is now trading near $1.44.
Outlook for MNT
Following such breakouts, it is common for price to retest the neckline resistance (~$1.40) before resuming higher. If buyers successfully defend this level, MNT could continue its rally towards the measured target at $2.27, representing a potential 56% increase from the breakout level.
Conclusion
Thus, Mantle (MNT) has strong potential for further upside if buyers can maintain current price levels.
In summary, Mantle (MNT) appears poised for further growth, contingent upon maintaining support at critical price levels.
