Mantle drops 7.18% as persistent selling pressure keeps price below key averages

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Mantle slides 7.18% to $0.98 today

Highlights

Mantle (MNT) trades at $0.9831, significantly below MA-20 ($1.1505), MA-50 ($1.1196), and MA-200 ($1.1921), confirming persistent bearish momentum across all timeframes.
Daily price action reveals a 7.18% loss, with the current price near today's low of $0.9815 and indicators such as MACD, RSI (38), and CCI confirming oversold conditions but continued seller dominance.
Short-term outlook projects a likely sideways move between $0.9650 and $1.0000, with less than 20% probability of a near-term price rise and further decline possible if $0.9650 fails.

Bearish signals and weak momentum as sellers dominate Mantle

Technical signals remain firmly bearish with Mantle trading under multiple moving averages, and the Ichimoku Kijun acting as the nearest resistance at $1.1779 while support is undefined significantly below current levels. Momentum remains weak: the daily MACD continues to signal selling, ADX shows a lack of strong trend conviction, and the price hovers near session lows. Oversold readings on the RSI (38), Stoch RSI, and CCI (below -100) highlight stretched downside conditions, while both BBP and Awesome Oscillator confirm seller dominance.

Downside risk persists as oversold pressure tempers rebound odds

For the next five sessions, Mantle is likely to trade within a typical volatility band between $0.9650 and $1.0000, as oversold oscillators suggest bearish momentum may be stretched but market signals remain negative. The probability of a near-term rebound is very low, with resistance at $1.0000 and further upside capped near $1.04 – $1.15. A decisive move below $0.9650 may prompt new local lows, while only a clear breakout above $1.0000 would open room for a meaningful recovery.

Anton Kharitonov, expert at Traders Union, sees Mantle showing persistent weakness with prices far below key moving averages and oversold momentum readings. The analyst believes that strong seller control and lack of technical support keep the near-term outlook bearish. He notes that, without positive signals or news, any rebound remains improbable. "As long as Mantle trades below $1.0000, I remain cautious and wait for genuine signs of recovery before considering long positions."

Last time, analysts noted that Mantle (MNT) trades below all key moving averages with ongoing selling pressure, as daily momentum remains mixed—MACD signals a potential short-term rebound, but low ADX and oversold oscillators indicate weak trend strength and persistent bearishness. Critical resistance is seen near $1.15 while support at $1.05 is unconfirmed, suggesting further volatility and potential for a short-term bounce if current levels hold.

Source of Data: MNT Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.