The price of Mantle (MNT) has seen a significant surge of around 45% in the past week, aligning with the growing hype surrounding altcoins as major tokens experience notable fluctuations in their portfolios.

Initially, the MNT price traded within a range of $0.8525 to $1 before breaking out of the range due to bullish momentum. However, the rally was short-lived as the price was rejected at the $1.0850 resistance level, leading to a period of neutral trend.

Subsequently, as market volatility increased, the bulls lost momentum and breached the support level, causing the price to trade sideways. Despite attempts to hold above the $0.8525 support, the price fluctuated between $0.785 and $0.852.

After hitting a low of $0.785, the bulls regained strength, resulting in a 64.64% increase within four days. However, the price faced rejection at the $1.2925 resistance level, leading to a consolidation between $1.1675 and $1.2925.

The Moving Average Convergence Divergence (MACD) indicator shows a decline in the buying pressure, with mixed sentiment from the averages indicating uncertainty in future price movements for the altcoin.

If the market sustains the price above $1.1675, the bulls could push the price towards the $1.2925 resistance level. Maintaining this level could potentially lead to a test of the upper resistance at $1.40 in the upcoming week.

On the other hand, a trend reversal could see a decline to test support at $1.085, with further bearish pressure potentially pushing the Mantle price towards the critical support of $1.