-7.64% for Mantle as sellers reject rebound attempts

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Mantle drops 7.64% to $0.5195 today

Highlights

MNT/USD remains in a firmly bearish trend, trading below major short-, medium-, and long-term moving averages.
Multiple technical indicators signal strong selling pressure, with momentum readings deeply negative and volatility elevated after a 7.6% price drop to $0.5195.
For the next 2–3 days, price is expected to range between $0.4851 and $0.5798, with further downside risk dominating.

Support threatened as bearish momentum fuels indicator conflict

On the technical side, MNT/USD continues trading below the MA-20 ($0.5401) and MA-50 ($0.5651) on the hourly chart. The price also remains substantially under the MA-200 ($0.8051) on the daily timeframe, and the Ichimoku Kijun sits at $0.5439 as an immediate resistance. Momentum readings are sharply negative, with both the MACD and ADX signaling Strong Sell. The RSI is in Sell territory at 33.62, while the Stoch RSI has reached Overbought conditions and CCI suggests Sell, producing mixed or divergent signals among oscillators. BBP shows dominant selling activity intraday, and the market has posted a negative gap, with the asset near session lows, highlighting volatility and indecision among technical indicators at lower levels.

Downside favored as rebound odds diminish near-term

For the next two to three trading days, the expected volatility band is $0.4851 to $0.5798. The probability of an upward move is very low, and there is a strong likelihood of further downside, making a near-term bullish reversal unlikely. The baseline scenario is that price trades within this corridor; a break above resistance could trigger a short rebound, while slipping below support may accelerate further declines.

Viktoras Karapetjanc, expert at Traders Union, sees Mantle (MNT) under persistent technical pressure with continued declines and no supportive news. He highlights dominant selling signals and mixed momentum indicators that suggest a challenging near-term outlook. The baseline expectation remains a sideways or downward move within the stated range, with little scope for immediate bullish reversal. "I remain watchful, but with the price failing to reclaim key moving averages, the path of least resistance is still down for now."

Earlier, analysts noted that Mantle was under sustained bearish pressure, with technical signals pointing to consolidation and downside risk. The latest action reinforces this outlook, but with mixed oscillator readings emerging, traders should prepare for heightened volatility and swiftly changing momentum cues near the lower end of the expected range.

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.