- The MNT coin price is currently trading at $0.4139.
- The price has recently given the breakout of the symmetrical triangle.
- Its value has risen by 32.91% from its all-time low.
The MNT coin price prediction for the upcoming months is bullish. An increase in its trading value is expected in the future. It has faced a decline of 48.60% after it created its all-time high of $0.6000. The fall in price halted at $0.3074 where it reached its all-time low.
The MNT price has recovered by 32.91% from its all-time low which shows the significant growth in its value.
The recovery in price was supported by high buying pressure as the volume bar was significantly increasing. It denotes that some crypto investors have bought the MNT coin at cheaper rates as they were expecting a strong future performance from it.
The MNT price has recently given the breakout of the symmetrical triangle pattern, which was the bullish continuation pattern. Again the breakout was done by a strong buying volume. It shows the interest of the crypto whales as they are expecting its value to increase in the future.
The MNT coin price is currently trading at 0.4139 with a trading volume of $51.432 Million. It has faced a decline of 0.51% in the last 24 hours.
Technical Indicators Views on MNT Price Movement
The MNT coin price has recently reclaimed the 50-day EMA and is currently trading above it. It shows bulls are trying to reverse the ongoing market trend. However, the price is trading far from the EMA line, which shows it may execute a short-term pullback to retest the EMA line. It could also consolidate in a narrow range until the EMA line reaches toward it.
The relative strength index is at $66.82, which is marked in bullish territory. The RSI line is sideways at press time. That means the bulls and bears both are applying equal amounts of pressure and making the price indecisive in the current scenario.
Will the MNT Price Hold the Upper Levels?
The MNT coin price has been in an uptrend with a strong buying volume indicated by the volume bar. The recent breakout of the symmetrical triangle pattern was done by strong buying volume. It shows the ongoing uptrend is reliable and can hold the upper levels.
The MNT coin price may trigger the next phase of the bull run after it gives the breakout of the $0.4139 resistance level. After that, the price may reach its next resistance at $0.4531.
The MNT price holding the $0.3899 support level shows the buyer’s presence in the current scenario. The breakdown will this level may give a chance to sellers to make the price fall to its next support at $0.3685.
Conclusion
The MNT future price prediction is bullish. The price has been strong buying pressure which is a good sign for buyers. The technical indicators are also showcasing the overall presence of buyers. Investors should have a close watch on the future price movement as it seems highly bullish at the time of writing.
Technical levels
Resistance Levels: $0.4139 and $0.4531
Support Levels: $0.3899 and $0.3685
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only. They do not provide financial, investment, or other advice. Investing or trading in crypto comes with a risk of financial loss.