Mantle (MNTUSD) Price Hitting the $1.300 Supply Value

Mantle (MNTUSD) Price Forecast: August 18

The Mantle (MNTUSD) price surge is poised at hitting the aforementioned value soon, as the coin’s value continues to gain traction at the upper resistance level. The cryptocurrency is facing an increase in buying pressure, and the price could rise above the current level at $1.295, a key resistance point. Hence, a big turnaround and a buy signal for coin investors.

Key Levels:
Resistance Levels: $1.293, $1.294, $1.295
Support Levels:    $0.556, $0.555, $0.554

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

The MNTUSD pair is anticipating hitting the $1,300 upper high level as it remains stable at the upside with huge volumes from the bulls in its long-term outlook.
The price bars are at the upper range above the EMA line, confirming its bullish growth.

The bulls’ persistent pressure on the currency pair in the past few days has made it easier for the token price to remain in an upward trend zone in its recent correction.

Earlier today, the bulls caused a rise to a $1.295 upper high level shortly after the commencement of the daily session, implying that the bulls are actually buying the asset at this level.

Hence, staying above the supply levels indicates a strong possibility for a bullish correction. Thus, a strong breakout above the current price would strengthen the bullish pressure, pointing to a promising future for the cryptocurrency.

However, the price of Mantle may rise further if the current support level at $1.062 holds. The price action may surge to hit the $1.300 upper resistance level and beyond in its long-term perspective.

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

The coin price shows a bullish trend in its medium-term outlook. Mantle responded to the market shift and is now above the moving averages. This might soon hit a key psychological level in the upper region.
The price increase to $1.202 value during the previous action has enabled it to keep the upward growth recently.

The MNTUSD value on the 4-hourly chart today is at the $1.295 resistance level. This shows investors are actively buying and ready to push the price higher. The rising prices add more confirmation for a bullish recovery.

In addition, the daily projector signals an uptrend. If the bulls push harder and sustain the price above the current high, the resulting rally may surpass this level, hitting the $1.300 psychological mark in the days ahead in its medium-term perspective.

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