Mantle (MNTUSD) Maintains its Upward Trend above Supply Levels

Mantle (MNTUSD) Price Forecast: August 21

The Mantle (MNTUSD) pair maintains its upward trend, remaining above the supply levels, and recovering to show positive signs above the $1.390 supply level. As a result, the coin price may swing above the $1.398 supply value if all of the support holds. Thus, the next price target may be the $1.400 upper resistance mark and beyond, reflecting rising investor confidence in a market that is on the rise.

Key Levels:
Resistance Levels: $1.396, $1.397, $1.398
Support Levels:    $0.556, $0.555, $0.554

MNT (USD) Long-term Trend: Bullish (Daily Chart)

The MNTUSD pair eyes $1.400 despite the market crash as it remains stable at the upside with huge volumes from the bulls in its long-term outlook. The coin prices are above the moving average, confirming its bullish growth.
The bulls have sustained the crypto market at the $1.393 supply value in the previous action; this has enabled the coin to stay above the trend line lately.

Earlier today, the coin buyers maintained their upward trend by pushing the price of Mantle upward to a $1.398 high point, resulting in an intraday gain.

Therefore, any negative thesis will be refuted by a strong breakout and closure above the current correction phase at a high value of $0.0001463, with a focus on the final breakout to the upper resistance level and beyond.

Notably, the momentum indicator indicates that the MTNUSD pair will continue to exhibit positive sentiment. As a result, if it continues its upward trajectory in the long run, the next bull’s objective may be the $0.0001600 high level sooner rather than later.

MNT (USD) Medium-term Trend: Bullish (4H Chart)

The Mantle market is in a positive movement today. The coin price keeps trending upward above the supply level in its medium-term timeframe. This looks good for buy traders and signals a buying opportunity.
Previously, buyers have strongly interfered with the coin. This has made it easier for the crypto to remain stable on the upside recently.

The MNTUSD pair is strengthened today. Its breakout pattern reached the $1.398 supply level over the EMA-50. This projects a rise to a $1.400 high level if bullish momentum persists.

Furthermore, the Mantle price might grow higher with the daily signal pointing upward. If the support level holds, buyers may push the price up to a high of $1.450 in the near future from a medium-term perspective.

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