MNT Hits New ATH at $1.65 Following Key Technical Breakout
The post MNT Hits New ATH at $1.65 Following Key Technical Breakout appeared on BitcoinEthereumNews.com.
TL;DR MNT breaks past $1.65 ATH after strong breakout from long-term trendline and double bottom. The weekly chart shows a bullish structure with rising support and strong price continuation above $1.44. Momentum indicators confirm strength as MNT trades above Bollinger Bands with a MACD bullish crossover. Monthly Chart Breaks Long-Term Resistance Mantle’s token MNT reached a new all-time high of $1.65 today, after closing a monthly candle above a long-standing descending trendline. This trendline connected previous highs from April 2024 and January 2025. Notably, the monthly chart also shows a double bottom formation, with lows developing around mid-2024 and mid-2025. The price has now closed above the neckline of that pattern. According to Trader Tardigrade, “the current candle’s body is entirely above the resistance trendline.” This development could mark the beginning of a change in structure. $MNT‘s monthly chart looks promisingThe current candle’s body is entirely above the resistance trendline formed by the peaks in April 2024 and January 2025.The chart clearly shows strong momentum after a double bottom pattern.I believe this new candle has turned a new page… pic.twitter.com/qaKVJfOP53 — Trader Tardigrade (@TATrader_Alan) September 10, 2025 Trading Volume and Exchange Updates MNT’s current 24-hour trading volume is $662 million, with a 24-hour price range between $1.34 and $1.65. The asset is up 18% in the past 24 hours and 47% over the last 7 days. Market cap is now at $4.02 billion, up 15% week-over-week. Crypto analyst Finish noted that MNT serves as Bybit’s core utility token and mentioned the possibility of future supply reductions through buyback and burn programs. “Many great things are loading,” they said, though the results remain uncertain. Bybit recently added 21 new spot trading pairs for MNT. This could expand trading activity as more pairs offer access to different markets. Meanwhile, the weekly chart…
Filed under: News - @ September 11, 2025 7:31 am