MNT moves lower amid persistent negative CCI readings: weekly forecast

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Mantle slips 4.75% over the week

Highlights

MNT remains under sustained selling pressure, trading below key moving averages and exhibiting persistent bearish momentum.
Technical indicators reflect a weak, trendless market, with bearish bias prevailing across most oscillators and momentum signals.
MNT is expected to trade sideways between $0.59 and $0.71 over the next week, with a higher probability of further declines.

Mantle treasury loan proposal to Aave shapes sentiment after exploit

Mantle has proposed lending up to 30,000 ETH from its Treasury to Aave DAO through a governance motion (MIP-34) aimed at supporting Aave's recovery from a $292 million rsETH exploit. The loan is structured as an interest-bearing credit facility with risk controls, collateral provisions, and possible delegation of Aave governance rights to Mantle. Interest generated may be directed towards MNT token burns or ecosystem development, with the proposal currently undergoing DAO governance review.

Bearish momentum prevails with key indicators and resistance levels

Weekly technical analysis remains bearish: MNT is positioned below both the MA-20 and MA-50, which act as immediate resistance levels at $0.7963 and $1.0027, respectively. The Ichimoku Kijun is much higher at $1.1596, reinforcing the distance to a meaningful bullish reversal. Indicators show a lack of trend (ADX), ongoing negative momentum (MACD), and seller dominance, as highlighted by a low RSI (39.08), negative CCI (–66.25), and bearish Bull/Bear Power (–0.0697). The Stochastic RSI provides a mild buy signal, but this is outweighed by other bearish factors, and weekly volatility reached 9.57%.

Rangebound or lower movement expected as upside break remains unlikely

For the next seven days, MNT is expected to trade within a range of $0.59 to $0.71 based on current weekly volatility and indicator signals. The probability of a price increase remains below 20%, with the asset more likely to trend sideways or decline. Should MNT break above $0.71, a short-lived recovery is possible, but this appears unlikely given the technical backdrop. A fall below $0.59 could expose the asset to further downside, potentially retesting lower supports.

Jainam Mehta, market strategist, notes that Mantle (MNT) spent the week under pressure, closing well below key averages and confirming bearish momentum on the weekly chart. He sees little evidence of trend strength, with most indicators pointing to seller control and only a mild Stochastic RSI buy signal offering a glimmer of hope. The proposed Treasury loan to Aave DAO introduces a potential fundamental catalyst, but he believes this is not yet enough to offset the technical headwinds. "For the coming week, unless MNT can reclaim $0.71, I see the odds tilted toward sideways or weaker price action, with a break below $0.59 exposing the next leg down."

Previously it was reported that Mantle Network proposed lending up to 30,000 ETH to Aave DAO as a structured response to the latter’s recent exploit. The current market outlook for MNT remains bearish, and traders should closely watch the $0.59 support level, as a decisive break below it could trigger increased selling pressure and further downside risk.

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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