Mantle has quietly set up one of the cleaner reversals among the majors. Over the past few weeks, MNT price climbed strongly off its base, tagged fresh local highs, and is now cooling into a classic “decision zone.”
On the daily chart, the price has been respecting north of the psychological $1.00 mark while testing resistance at $1.20 to $1.25. This kind of compression usually sets the stage for a big move, and September can be when it all starts.
What you'll learn 👉
What The MNT Chart Is Showing
Looking at the 1D chart, Mantle price shifted from a bearish structure into a series of bullish breaks in July and August, which confirmed a proper trend reversal.
After that explosive leg higher, the price started pulling back in a controlled descending channel, right into a clear demand zone between $1.00 and $1.05.
The RSI has cooled down from overbought levels and now sits in the mid-50s, which is healthy for continuation. If buyers defend the demand zone and push through the channel’s upper trendline, the road back to previous swing highs opens up.
In simple terms, Mantle price looks like it’s resting, not breaking down, and the setup suggests a retest of $1.30 to $1.35, with $1.50 still on the cards if momentum builds.
What the CoinAnk Chart Is Saying
The Bybit daily data from CoinAnk backs this up. After Mantle’s July run to around $1.51, the price cooled off but is still holding steady around $1.12 to $1.18.
The longer base near $0.58 remains the macro floor, and volume is still higher than it was during the quiet months earlier in the year.
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Open interest is rising again, now pushing past the $100M zone, which usually signals traders are stepping back in. What makes things more interesting is the positioning.
Net shorts still outweigh net longs by a big margin, and that sets up the potential for a short squeeze. If Mantle clears resistance levels, bears may be forced to cover, which adds even more fuel to the move higher.
Put all of this together, stronger structure, rising open interest, and shorts crowding the market, and you have the ingredients for a sharp breakout if the timing clicks.
Here’s the Game Plan for September
The most likely setup is a shallow pullback to $1.05 to $1.10, which should hold as support before once again being tested higher.
And if this $1.20 to $1.25 range is eventually cleared with volume, momentum could next shift to $1.30 to $1.35, and that opens the door from there for a retest of $1.45 to $1.50.
If things don’t go smoothly and Mantle price loses $1.00 on a daily close, then we could see a deeper pullback into the $0.92 to $0.97 range, which is the bottom of the demand zone. That would slow down the breakout setup, but it wouldn’t necessarily kill the larger bullish trend.
Final Note
Mantle charts and market flows suggest September is shaping up to be a key month. As long as buyers keep defending the $1.00 area and push through the $1.20 to $1.25 barrier, the path higher looks likely.
If $1.00 gives way, then the market probably takes one more dip before bulls try again. Either way, Mantle price is setting up for action, and the next few weeks will tell us if it’s ready to climb to those higher levels.
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