Mantle (MNT) has been under pressure in recent months, with its price witnessing substantial corrections. Strong market recovery has yet to emerge, leaving multiple investors with concerns about the next short-term movement. Today, crypto analyst Alan suggested that MNT could be preparing for a bullish breakout, supported by multiple on-chain indicators.
Mantle prints a bullish indicator
Mantle has experienced notable price consolidations over recent months. Despite such hurdles, the altcoin shows signs of recovery, reflecting notable rebounds currently noticed in the broader crypto market. Today, the analyst pointed out that Mantle’s current market action has continued to hold above a crucial support level.
This not only suggests resilience but also shows that the asset is preparing for a potential strong breakout. This persistent holding above this support level suggests robust buyer interest around this support zone, indicating rising confidence among traders.
According to analyst’s data, the MACD indicator on the daily timeframe indicates a bullish signal, indicating robust recovery potential. Furthermore, the risk-reward-ratio shows that investors are willing to buy MNT tokens at current prices. These figures show a possibility of a breakout if MNT continues its positive momentum.
As Mantle continues to overcome these hurdles, its ability to maintain its price above the current support region would be essential. This could lay the foundation for a strong market rebound. Traders and investors will be keenly observing MNT’s price actions in the coming weeks, monitoring indicators for a sustained upturn that could confirm the beginning of a new market rally.
MNT added to Coinbase roadmap
Of late, Mantle has been indicating signs of a possible breakout. Technical analysis shows that the asset is currently in the formation of a symmetric triangle pattern, a setup that normally comes before a substantial price movement.
Several altcoins are currently displaying favorable indications of completing their downtrend formations, signifying potential uptrends. MNT remains a major token to look at as it currently moves in a historical pattern that historically contributes to a robust upturn movement.
On Friday, April 25, 2025, MNT was added to the Coinbase roadmap. This addition often acts as a precursor to an asset being listed to the third-biggest cryptocurrency exchange. Following the addition, MNT surged 9.5%, continuing its upturn over the past week. In the last two week, the asset rose by 4.2%, displaying an impressive strength during the ongoing crypto market recovery that has made BTC recover its price above the $90k mark and currently trading at $93,887.
