There are strong bull signals for that Altcoin: it is moving towards the target!

The crypto currency market continues to exhibit price sensitivity with the best subcoins that stumble around important support and resistance levels. However, the price of mantle sailed against market possibilities by recording a successful rise price movement. Increased uncertainty in the field of crypto, investors are interested in questions like a good time to invest in subcoins before the start of the Altcoin season. Crypto analyst Elena R is evaluating MNT’s technical picture.

Altcoin price is re -testing the important resistance level!

After saving a strong decline price movement for a short time, the price of mantle said a strong rise overnight. In particular, Altcoin increased by about 4 % within 24 hours with a transaction volume of 121.49 million dollars. It also has a market value of $ 3,557 billion and a raid of 0.1157 %.

MNT/USDT price graph. Source: TradingView

The simple moving average (SMA) records an upward convergence during the daily time period. This shows that there is an increase in purchase-sale pressure for Altcoin in the crypto market. In addition, the RSI indicator witnesses a sharp rise towards the neutral point in the ravioli price chart, and the average trend line shows a similar price tendency. This is the 33rd largest crypto token this week.

Will the MNT price rise again?

Assuming that the market continues to support bulls, this mantle price can cause the significant resistance level to re -test $ 1,0750. Keeping the price above this level can push the price towards $ 1,2730, the highest level of this month.

On the contrary, if the decline tendency is reversed, the MNT crypto currency price can re -test the support level of $ 0.9150. In addition, if the bears leave the bulls behind, this may withdraw the price up to $ 0.7625 in the coming period. Are you one of the many people who plan to invest in MNT crypto token before reaching a new ADH?

The opinions and estimates in the article belong to the analyst and are not definitely investment advice. Crypto koin.comWe recommend that you do research before investing.