Mantle edges higher with bearish momentum persisting from MACD signals: weekly analysis

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Mantle rises 5.52% this week

Highlights

MNT remains under sustained selling pressure, trading below major moving averages and confirming a bearish market tone.
Momentum and oscillators are bearish and/or oversold, with no technical indicators supporting a meaningful recovery in the near term.
Expected price range for the coming week is $0.5200–$0.5900, with downside risk dominating unless resistance at $0.5900 is decisively broken.

Bearish technical momentum persists despite neutral ADX this week

On the weekly chart, MNT is facing considerable technical pressure with resistance at the MA-20 ($0.6523) and dynamic resistance at the Ichimoku Kijun ($0.9198). Momentum indicators reinforce a bearish bias: the weekly MACD signals a strong sell, RSI falls into sell territory, and both the Stochastic RSI and CCI show oversold conditions. Bull/Bear Power confirms seller dominance while the ADX remains neutral, highlighting a lack of clear trend direction. Immediate support is located at $0.5200, with resistance forming at $0.5900.

Range-bound outlook dominates amid weak sentiment and downside risk

Looking ahead to the next 7 days, the most probable scenario sees MNT fluctuating sideways within the $0.5200 — $0.5900 band, given mixed weekly momentum and no bullish signals from major indicators. Downside risks are elevated, and a break below $0.5200 could expose the asset to deeper weakness. There is a less than 20% chance of a sustained rally past $0.5900; only a conclusive move above this resistance could shift the outlook and challenge dynamic resistance levels. Until then, expect mostly range-bound action amid weak sentiment.

Jainam Mehta, market strategist, sees Mantle (MNT) continuing to struggle below major weekly moving averages with momentum indicators showing little conviction for a sustained breakout. Over the past week, price recovery to $0.5558 contrasts sharply with persistent bearish signals and neutral trend strength, keeping the risks balanced between downside extension and range-bound action. Mehta believes a decisive move above $0.5900 is required to turn sentiment, while a break under $0.5200 could re-expose MNT to further weakness. "Until price escapes the $0.5200 — $0.5900 range, I am watching for failed rallies or opportunistic reversals, as mixed signals suggest capital protection remains the priority this week."

Earlier, analysts noted that Mantle continued to face considerable bearish momentum and lacked clear signals for a bullish reversal. This week’s modest rebound does little to alter the prevailing outlook, with downside risk remaining elevated should support at $0.5200 fail to 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

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