The Mantle (MNT) token is showing mixed signs in the market, hovering near a key resistance level at $1.40. Analysts are divided in their assessments of the token's future prospects.
Rejection Risks Near $1.40
Analyst Ali Martinez shared a weekly chart showing repeated rejections at the $1.40 level. Each test of this resistance has been followed by sharp declines, making it a critical ceiling for Mantle. Martinez wrote, “Rejection at $1.40, short to $0.58… Could it really be that simple for Mantle $MNT?”
The chart points to $0.90 as the first support level if MNT is rejected again. A deeper drop toward $0.58 could follow if selling pressure builds. This area previously marked a major low, suggesting it could act as a potential downside target.
Breakout Signals and Bullish Momentum
In contrast, analyst Lucky shared a daily chart suggesting MNT is in a strong uptrend after breaking out of a prolonged downward channel. The chart shows momentum shifting as price surged from the $0.52–$0.60 support area, gaining more than 14% since the breakout.
Lucky commented, “*$MNT is on an unstoppable run*,” referring to the ongoing rally. His chart projects continued upside, with potential extensions toward $1.60 and above if MNT sustains higher highs and higher lows.
Key Technical Levels in Focus
The market now faces a decisive moment at $1.40. A successful breakout above this resistance could invalidate the bearish setup and open the path toward $1.60. Conversely, failure at this level may trigger a corrective move first to $0.90, with the possibility of testing $0.58.
Momentum indicators are currently mixed. The recent rally shows strong buying interest, but the repeated failures near $1.40 underline the strength of sellers in this zone.
For now, Mantle trades between a major resistance ceiling and strong historical support. Traders are closely monitoring whether MNT will break through $1.40 to extend its uptrend or face another rejection that could send the token lower.
The situation with Mantle (MNT) highlights the importance of monitoring key levels in technical analysis. The split opinions among analysts contribute to the formation of uncertainty that affects trading decisions.
