Mantle Price Surges 12% After Trump’s Crypto Executive Order! $2 Within Reach?
Story Highlights
- Mantle prices rose 12.11% today with a trading volume of $258.56 million.
- Technical sentiment highlights an increase in positive action, indicating continued bullish sentiment.
- Mantle’s resistance and support trend lines are $1.40 and $1.00 respectively.
US President Donald Trump has signed an executive order promoting cryptocurrencies. This resulted in the market experiencing a strong bullish recovery. Additionally, the Mantle token recorded a double-digit surge, making it the highest 24-hour gainer among the top 100 cryptocurrencies.
With bullish sentiment rising in the cryptocurrency space, is now a good time to invest in altcoins before altcoin season begins? CoinPedia’s team of experts today revealed a possible short-term mantle price analysis.
MNT Coin Price Sees Strong Bullish Reversal!
The Mantle coin maintained its bullish price action, gaining 12% in 24 hours and rising 34.73% for the week. Furthermore, with a 7-day return of +10%, this altcoin firmly ranks 35th with a market capitalization of $4.179 billion.
The Relative Strength Index (RSI) successfully retested its oversold range on the daily time frame. This caused it to surge sharply into overbought territory, with its average trendline recording bullish convergence. This indicates a positive outlook for the future.
Additionally, the 50-day EMA indicator is positively crossing its 200-day number, supporting the Mantle price chart on the 1D time frame. This highlights the increasing buying and oversold pressure on altcoins in the cryptocurrency market.
Will MNT price reach $2?
If the market continues to favor the bulls, this could lead to Mantle price retesting its important resistance at $1.27. Sustaining prices above this level could push the price towards this month’s highs of $1.40.
Conversely, if a trend reversal occurs, MNT coin price will retest the $1.14 support. Additionally, if the bears outperform the bulls, the price could pull towards lows as low as $1.
Planning to invest in the MNT crypto token before it reaches the $1 mark? Read CoinPedia’s Mantle Price Prediction Discover the long-term possibilities!
FAQ
MNT prices have surged to 300% Its ATL is $0.3136, highlighting the significant increase in adoption.
Assuming bullish sentiment persists, this could lead the altcoin towards yearly highs $2.31.
The MNT cryptocurrency has a 24-hour trading volume of $255.42 million and is trading at $1.2458.
