MNT edges higher in subdued trading amid strong sell bias on MACD: weekly forecast

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Mantle gains 0.92% over the week

Highlights

MNT faces continued technical pressure, trading notably below major moving averages and key resistance levels.
Momentum indicators confirm a bearish bias, with sellers remaining in control despite modest weekly gains and subdued volatility.
The price is expected to consolidate between $0.6350 and $0.7300 over the next week, with downside risk outweighing breakout potential.

Bearish momentum diverges from modest gains during week

Weekly technical indicators remain bearish. MNT trades significantly underneath both the MA-20 and MA-50 levels, with the Ichimoku Kijun at $1.2425 far above current prices, making MA-20 the nearest notable resistance. Momentum remains weak as the MACD signals a strong sell bias, ADX reflects a directionless trend, and weekly Bull/Bear Power is negative (–0.0505), while the RSI at 40.20, Stochastic RSI at 63.29, and CCI at –57.64 point to neutral to mildly oversold conditions. The market is consolidating in a subdued tone, with price gains diverging from broadly bearish momentum signals.

Sideways bias expected as bearish indicators drive weak outlook

For the next 7 days, MNT is expected to trade within a $0.6350 to $0.7300 range, matching typical volatility for the week. Uptrend probability remains low, below 20%, given that none of the four key weekly indicators suggest a buy signal, and the technical picture favors ongoing control by sellers. The baseline scenario expects sideways movement within this corridor; a close above $0.7300 would try to retest resistance but is unlikely, while a break below $0.6350 could trigger further decline in line with prevailing technical signals.

Anton Kharitonov, analyst at Traders Union, notes that over the past week, Mantle (MNT) remained under firm technical pressure despite a small price gain. He sees clear signs of seller dominance, as MNT continues to trade well below the MA-20 and MA-50, with all core technical indicators reflecting ongoing bearish momentum. Momentum remains negative as confirmed by the MACD sell bias, weak ADX, and negative Bull/Bear Power. The RSI, Stochastic RSI, and CCI are all neutral to mildly oversold, signaling lackluster recovery potential this week. Kharitonov believes that unless $0.7300 is reclaimed, ranging with a downside tilt remains the more likely scenario. "As long as Mantle stays below the MA-20, I see little reason to expect meaningful upside—sideways movement and further weakness are still in play this week."

Earlier, analysts noted that Mantle was experiencing sustained bearish momentum and consolidating despite ecosystem developments. The current technical setup reinforces this cautious stance, with sellers likely to retain control unless a decisive break occurs beyond the $0.7300 or below the $0.6350 threshold in the days ahead.

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

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