Mantle (MNT) is facing renewed technical challenges as recent price movements indicate a fragile market structure. After a failed recovery attempt, the cryptocurrency is showing signs of increased downside risk as the year draws to a close. According to the experts cited in the publication, the situation is becoming critical.
Market Analysis of MNT
Recent analysis by crypto trader GainMuse highlights that MNT has experienced a significant breakdown, losing its upward channel and facing rejection from descending resistance levels. This shift in market dynamics has transitioned from a phase of consolidation to one of renewed distribution, raising concerns about the asset's stability.
Potential Risks for MNT
If the current support levels do not hold, MNT could be at risk of further declines as sellers appear to be regaining control over the market.
In a recent development, the Overtake TAKE token experienced a dramatic flash crash, contrasting with the ongoing challenges faced by Mantle (MNT). For more details, see the full report here.
