Mantle (MNT) is flashing a key bullish signal that has traders watching closely, with one prominent analyst calling for an 86% rally to $1.3 based on a familiar technical setup.
According to a chart shared by crypto analyst Trader Tardigrade, the MACD (Moving Average Convergence Divergence) indicator for MNT has just formed a bullish crossover. This is a key shift often seen at the beginning of strong price rallies. This is the same pattern observed in September 2024, which preceded a massive rally from $0.50 to $1.40.
Now, the MACD lines are moving upward again, with the blue MACD line crossing above the orange signal line. The histogram has also been positive, reinforcing a change in momentum after months of downtrend. The timing and structure closely look like the last major upcycle.
Mantle Price Target Marks an 86% Move
The analyst’s chart outlines a target of $1.3, marking an 86% gain from MNT’s recent local low near $0.70. The price is already climbing toward this target, with an accelerating trend visible in the right-hand portion of the chart. A highlighted box indicates the expected trajectory, modeled directly after the September breakout.
The historical price movements strengthen the argument for this move. The last bullish crossover in 2024 led to a nearly identical rally. Now, with the same technicals looking alike, many believe history could repeat, particularly if macro market conditions remain favorable.
The $1.3 level also has a notable horizontal resistance zone, marked by prior price peaks. A breakout beyond this could open the door for even higher targets, especially if the MNT coin captures renewed interest.
Market Watching for Confirmation
While the setup looks promising, it is not without its risks. The $1.3 resistance has rejected price action multiple times over the past year, as shown by the green arrows in the chart. Bulls will need strong volume and macro support, possibly in the form of Bitcoin stability or ETH strength, to push through that ceiling.
Still, the confluence of a fresh bullish MACD crossover, historical precedent, and current Mantle price structure gives bulls a solid narrative to lean on. If MNT follows the same pattern as in late 2024, the 86% rally toward $1.3 may only be the beginning.
With the MACD flashing a bullish crossover and price climbing from recent lows, MNT is at a critical technical juncture. Analysts see an 86% move to $1.3 as likely, provided the pattern continues to play out as it did last year.
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