- The Mantle (MNT) price is currently at $ 0.51 with a decline of -0.41% in 24 hours.
- The MNT coin has a market cap of $1,666,128,605.
- The 24-hour volume of MNT crypto is $11,896,290 with a decline of 19% as on 4 August 2023.
The Mantle (MNT) coin is now moving in a downward direction. The MNT price is currently moving with a low volume and the price is forming lower lows.
The market cap of Mantle (MNT) coin has shown a decline of 19% from the last 24 hours to $1,666,128,605. This suggests that the coin is experiencing bearish momentum and sellers are taking the position.
The MNT coin has made 52 week high of0.594 and a 52-week low of coin is $0.46. The average volume for the coin is $11,896,290 with a decline of 19% as on 4 August 2023.
The Mantle (MNT) made a high of $0.60 on 20th July 2023, after this the price of MNT has started declining. The MNT coin price has shown a significant decline of over 14% in eight days.
In the current market scenario the Mantle coin is trading in between the range of $0.54-$0.50. The MNT price decreased by around 5.3% in just one month. The coin is currently developing a bearish pattern and the overall structure of the coin is forming a weak structure. This indicates that the price is likely to fall in the upcoming days.
Mantle (MNT) Price Analysis
RSI
The RSI line for the price of Mantle coin is currently trading below the simple moving average line. This indicates that the price might fall in the future.
MACD
The Mantle coin’s MACD line is currently trading below the signal line. Also, the fact that both lines are trading below the zero line suggests that the coin has no strength left and that the price may soon decrease.
Conclusion
As per the analysis, it can be indicated that Mantle’s (MNT) price is showing signs of downward momentum, which might favor a price decrease in the future. Negative momentum is also predicted by indicators like the MACD, RSI, and EMA in the near future. Additionally, it is seen that the coin’s volume is decreasing. This demonstrates that the purchasers are not interested in making a position.
Technical Levels
- Support Level – $.0.50
- Resistance Level – $0.54.
Disclaimer
The views and opinions of the author, or anyone named in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.