Mantle weekly forecast: Range holds above $0.6436 support with resistance at $0.7045 in focus

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Mantle slips 0.97% over the week

Highlights

Mantle trades at $0.655, staying above its 20-, 50-, and 200-day moving averages with a broad bullish structure.
Strong trend strength and an oversold Stochastic RSI indicate potential for a near-term rebound if buyers return.
Price is expected between $0.6105 and $0.6923 this week, with key support at $0.6436 and resistance at $0.7045.

Trend strength persists with ADX rising and RSI showing oversold conditions

Daily chart structure remains directional, underlined by a sustained move lower with a firm trend and 11.12% weekly volatility. The ADX at 38.3786 signals strong trend strength, while Stochastic RSI reads oversold, highlighting potential for near-term rebound if buyers step in. Nearest support is seen at the MA-20 at $0.6436, with resistance at $0.7045 from the weekly high.

Upside probed in coming week unless support at $0.6436 breaks

In the week ahead, Mantle is expected to trade between $0.6105 and $0.6923, with a very high probability of an increase and a very low probability of a decrease. The base case sees the price ranging between $0.6436 support and $0.7045 resistance. A decisive move above $0.7045 could trigger further gains, while a close below $0.6436 would expose the next downside target at $0.6105.

Anton Kharitonov, expert at Traders Union, sees Mantle (MNT) finding support near $0.66 as buying interest keeps the daily setup relatively stable going into the new week. He notes a clear directional structure with strong trend strength, as shown by ADX at 38.3786 and weekly volatility at 11.12%. Stochastic RSI is oversold, signalling room for a rebound if demand picks up. Nearest support is at the MA-20 level of $0.6436, while resistance stands at $0.7045 from last week's high. The analyst remains cautious, expecting the price to stay between $0.6105 and $0.6923 unless a decisive move breaks either boundary. "Until Mantle closes above $0.7045, I remain defensive and see upside as limited for now."

Earlier, analysts noted that Mantle maintained robust momentum, underpinned by institutional engagement and strong technical trends. The current setup adds a new dimension with oversold conditions on the Stochastic RSI highlighting the potential for a near-term rebound, making the $0.7045 resistance level a key threshold to monitor for possible upside 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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