The post Mantle (MNT) Eyes $2 Amidst a Bullish Surge appeared on BitcoinEthereumNews.com.

Mantle has gained over 12.50%, trading at $1.18. The daily trading volume of MNT has decreased by 21.75%. Cryptocurrencies are marked in red, with the global market cap plunging by over 3.10% to $3.58 trillion. Almost every day, the altcoin market is stealing the spotlight. Ethereum has entered bullish territory, and other altcoins are experiencing price breakouts as the alt-season approaches. When turning toward the altcoin sector, Mantle (MNT) has surged by over 12.50%, with the market cap staying at $3.97 billion. MNT chose to begin a steady bullish rally for the day.  In the afternoon hours of December 6, Mantle visited its low of $1.02 before mounting up. MNT hit its intra-day high of $1.17 and reached the current trading levels. At the time of writing, the altcoin was trading at $1.18 and the daily trading volume of MNT has reached $239 million, as per CMC data.  Zooming out in the past thirty days, Mantle had bullish movements with a surge of over 102%. Following that, the MNT has gained 37.43% over the past seven days.  Will MNT Push Its Uptrend Forward? The four-hour price graph reports the upside trajectory of Mantle with the bullpower dominating the market. If MNT bulls fortify, its price may rally to $1.25. With MNT holding its position at the upper trendline, it could reach the higher target above $1.30. In contrast, if the bears re-emerge and regain control over the asset, the price might slip down to the $1.12 mark. Losing this level would result in a drawdown to $1.05 or even lower.  Mantle rests in the overbought zone, as the daily relative strength index (RSI) is positioned at 72.25. In case of a strong trend, the overbought condition might persist as momentum carries the price higher. In addition, the 24-hour frame of…

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Filed under: News - @ December 6, 2024 2:21 pm