Key Notes

Key Notes:

MNT is currently trading at $1.02, holding above its crucial $1 support.Analyst Ali Martinez warns of a potential double-top pattern, which could push MNT down to $0.53 if confirmed.Despite market weakness, 63% of MNT holders remain in profit at the current market price.

Mantle MNT $0.90 24h volatility: 0.5% Market cap: $3.03 B Vol. 24h: $78.82 M is currently trading at $1.02, just above its psychological $1 support level while registering a 2% drop in the past 24 hours. Despite the broader market downturn, some analysts on X believe this consolidation phase presents an ideal accumulation opportunity. However, popular crypto analyst Ali Martinez has cautioned that MNT could be forming a double-top pattern, a classic bearish reversal signal that might send its price tumbling to $0.53 if confirmed.

Adding to the uncertainty, Onchain Lens data reveals that on Wednesday, a multisignature wallet belonging to Mantle deposited 15.5 million MNT (worth $16.32 million) into Bybit exchange. Large exchange deposits are often seen as a bearish sign, as they indicate a possible intention to sell.

Meanwhile, MNT has shown notable resilience compared to the overall crypto market, which has been bleeding since 2025-start. While major cryptocurrencies have suffered double-digit losses, MNT has only dropped 2% in the past month. As per the data by IntoTheBlock, at the current market price, 63% of the MNT holders are in profit.

The token currently boasts a market capitalization of $3.46 billion, placing it 35th among the largest cryptocurrencies. Even amid market weakness, MNT remains only 31% below its all-time high of $1.51, achieved in April 2024.

On the MNT price daily chart, the Relative Strength Index (RSI) is sitting at 44, indicating neutral to slightly bearish momentum. If RSI dips below 40, it could signal increased selling pressure, potentially pushing MNT towards $0.90 or lower.

On the other hand, the price is currently testing the lower Bollinger Band, suggesting that MNT is in an oversold region. This often results in a short-term bounce. However, if the lower band expands downward, it could indicate increasing volatility and further downside.

The MACD line is trending below the signal line, another sign that bears still have control. However, the histogram shows signs of weakening bearish momentum, meaning MNT could be nearing a point of reversal, if buying volume increases. At the time of writing, the token records a 30% drop in its 24-hour trading volume, sitting at $109 million.

If MNT sustains above $1.00 and breaks past $1.10, it could rally towards $1.25 and eventually $1.35, confirming a trend reversal. However, a confirmed breakdown below $1.00 could trigger a sell-off towards $0.90, and if the double-top pattern plays out, a sharper drop towards $0.53 is also possible.

Nonetheless, crypto research platform Emperor Osmo recently predicted that MNT will be among the first tokens to reclaim its all-time high once the market recovers.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

With a background in finance and a passion for innovation, Anisha has been covering the ever-evolving world of crypto for over four years. Her deep understanding of the crypto market have made her a trusted source for analysis and news. Whether it’s dissecting the latest trends or decoding whitepapers, Anisha is dedicated to bringing clarity to the world of digital assets.

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