MNT has been on a tear this year, and traders are paying interest to where it might go next. Mantle price is trading around $1.95, and weekly, as well as shorter-term, charts are showing configurations that keep the bull case alive.
Analysts on social media have been sharing their thoughts, pointing to price discovery and key resistance levels that could decide the next move.
What you'll learn 👉
Weekly Chart: MNT Price Holding Firm at Key Support
Well-known trader xFinish called MNT his best trade yet, noting a 4x return since entering in July. He praised the Mantle team for execution and pointed to the Bybit partnership as a reason for continued strength. In his words, Mantle is now in “price discovery” and not something too short.
Looking at the weekly chart, Mantle price has built an impressive parabolic run after forming a rounded base between $0.40 and $0.65.
The breakout above $1.52 pushed the token into price discovery, with no previous resistance levels in sight. The candles show strong demand with very little selling pressure at the top.
For downside levels, $1.52 is the key pivot to watch. If that doesn’t work, $1.13 and $0.80 are backup supports from earlier consolidation levels. As long as MNT price holds above them, the general uptrend is preserved.
MNT Price Holds in a Rising Channel Ahead of Key Resistance
Another trader, AlphaPlease, kept it simple: MNT has been posting higher highs and higher lows. He’s watching the $2.00 level, calling it the big psychological barrier that could open the door for more gains if price breaks through.
On the 4-hour chart, MNT is trading inside a rising parallel channel that’s been in place since September. Buyers have stepped in every time Mantle price has hit the lower boundary, while sellers show up at the top. A midline running through the channel has acted as a short-term pivot during intraday swings.
Support can be found around $1.75-$1.78, with the larger $1.52 level still acting as a safety net. The $2.00 mark is the clear level traders are watching, a breakout there could send the price toward $2.20 or even higher.
Read Also: Analyst Warns of a Big Crash for Solana (SOL): Here’s His Outlook
What’s Next for MNT
The MNT charts are showing strength, but also a test. Hold above $1.52, and Mantle keeps its bullish setup alive. Break cleanly through $2.00, and the next leg higher could unfold quickly.
For now, traders are watching closely as MNT price grinds against resistance with momentum still in its favor.
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