• The Mantle token price is currently showing a positive trend, indicating bullish momentum.
• Buyers have been consistently accumulating the token and are aiming for the $2 mark.

The Mantle token price has been maintaining gains above $1 and displaying bullish waves on the charts. This positive trend has been supported by the token holding gains above key moving averages. Despite market fluctuations, the Mantle token price has managed to remain on a bullish trajectory. As long as the support level of $1.100 is not breached, the bullish trend is expected to continue, and the token may see further upward movement in the coming sessions.

Currently, the Mantle token (MNT) price is trading at $1.37, with a 2.15% intraday gain, indicating optimism in the market. The token has shown a 36.30% monthly return and a 140.37% yearly return. The MNT/BTC pair is at 0.0000197 BTC, with a market cap of $2.45 billion. Analysts have a neutral outlook on the token, suggesting that it could continue to outperform and potentially reach the $2 mark soon.

MNT Price-to-Volume Profile On Daily Charts

The chart above displays the price-to-volume profile of the Mantle token, showing a bullish trend. The price action indicates continued accumulation by buyers, sustaining gains above $1. However, the intraday trading volume saw a decrease of 42.78% to $68.94 million.

Price Volatility and Weighted Sentiment Outlook

Following the price surge, the data on price volatility suggests a positive trend, with neutral sentiment close to 0.016. The weighted sentiment value remains below the midline, around -0.075.

Social Dominance and Twitter Followers Overview

According to Santiment data, social dominance decreased by 3.90% to 0.037%. Similarly, Twitter followers dropped by over 23%, totaling around -1663.

Development Activity and Active Addresses Analysis

Development activity decreased by over 5% to 20.52 this week. On the other hand, active addresses data indicated average movements around 352, showing a neutral stance.

The Mantle token price has been trading near the 61.8% Fibonacci retracement level, sustaining gains in the bullish region. The RSI curve has remained in the overbought territory, with a positive crossover on the charts. Additionally, the MACD indicator displayed green bars on the histogram, accompanied by a bullish crossover.

The total token supply for Mantle is 6.22 billion, with a volume-to-market cap ratio of 0.0283, indicating 49 in the global crypto market cap ranking.

Summary

The Mantle token continues to show strength and remains in a bullish trend above important moving averages. The positive momentum is expected to continue, potentially leading the token to reach the $2 mark.

Technical Levels

Support Levels: $1.20 and $1

Resistance Levels: $1.80 and $2

Disclaimer

The information provided is for informational purposes only and should not be considered financial advice. The opinions expressed in this article are solely for educational purposes.