Mantle is Trading -22.09% Below Our Price Prediction for Nov 11, 2024

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Mantle is up 5.01% today against the US Dollar
• MNT/BTC decreased by -2.12% today
• MNT/ETH decreased by -2.39% today
• Mantle is currently trading 22.09% below our prediction on Nov 11, 2024
• Mantle dropped -4.37% in the last month and is up 40.12% since 1 year ago

MNT price is expected to rise by 30.66% in the next 5 days according to our Mantle price prediction

Mantle price today is trading at $ 0.584064 after gaining 5.01% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 4.51% in the same time period. MNT performed poorly against BTC today and recorded a -2.12% loss against the world’s largest cryptocurrency.

According to our Mantle price prediction, MNT is expected to reach a price of $ 0.749621 by Nov 11, 2024. This would represent a 30.66% price increase for MNT in the next 5 days.

MNT Price Prediction Chart

Buy/Sell Mantle

What has been going on with Mantle in the last 30 days

Mantle has been displaying a negative trend recently, as the coin lost -4.37% in the last 30-days. The medium-term trend for Mantle has been bearish, with MNT dropping by -1.84% in the last 3 months. The long-term picture for Mantle has been positive, as MNT is currently displaying a 40.12% 1-year price change. On this day last year, MNT was trading at $ 0.416833.

Mantle reached its all-time high price on Apr 08, 2024, when the price of MNT peaked at $ 1.51. The current MNT cycle high is $ 0.667581, while the cycle low is at $ 0.479426. MNT has been displaying low volatility recently – the 1-month volatility of the coin is at 3.10. Mantle recorded 15 green days in the last 30 days.

Mantle technical analysis for today - Nov 06, 2024

The sentiment in the Mantle markets is currently Bearish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.550982, $ 0.539525 and $ 0.531164, while $ 0.570801, $ 0.579161 and $ 0.590619 are the key resistance levels.

Bearish sentiment for Mantle

12 indicators are currently signaling a bullish prediction for Mantle, while 16 indicators are showing a bearish forecast. With 57% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Mantle.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 69 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Mantle moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Mantle is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Mantle is at 33.11, suggesting that MNT is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Mantle over the last 50 days. Currently, Mantle is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the MNT closing price for the last 200 days. MNT is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Mantle prediction

After considering the above factors, we can conclude that the current forecast for Mantle price prediction is Bearish. MNT would have to increase by 30.66% to hit our $ 0.749621 target within the next five days. Moving forward, it will be important to monitor the MNT market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Mantle price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.