Market participants are sidelining MNT, dampening bullish Mantle price predictions with an 8% weekly drop while most coins see relief rallies following the Christmas flash crash.
Holders are hedging their bets on the altcoin as it approaches a make-or-break level, the $0.885 neckline of a bearish head-and-shoulders pattern.
MNT USDT 1-day chart, bearish head-and-shoulder pattern. Source: TradingView.
Crossing below this trendline could confirm the bear-case scenario: a 30% crash back to August lows around $0.685.
The sentiment extends to the smart money, with VC firm Dragonfly Capital’s recent transfer of $6.95 million in MNT to exchanges in a potential move to make their holdings liquid.
Still, strong fundamentals lay the groundwork for further upside. Mantle has become the best-performing layer-2 through 2025, potentially credited to its push for tokenization-as-a-Service.
The bridge between TradFi and DeFi has been a major narrative this cycle, and the next leg of the bull run could see Mantle play a role in on-chain finance now that regulatory clarity is setting in.
Mantle Price Prediction: Is a Crash Avoidable?
If the neckline instead proves as a launchpad, it could rule out the bearish setup, shifting focus to a bullish pennant structure.
MNT USDT 1-day chart, bullish pennant pattern. Source: TradingView.
A credible scenario as momentum indicators flash reversal signs. The RSI nears the 30 oversold threshold, a level that has historically marked local bottoms and subsequent bull runs for the Mantle price.
More so, the MACD levels off below the signal line. Sell pressure has been consistent, but not escalating, placing the blame on a lack of demand.
If buyers step back in, the bull-case scenario could unfold: a 300% breakout move into new price discovery targeting $3.80.
Still, interim resistance around $1.80 and the $3 all-time high will be key proving grounds for a sustained upwards move.
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