MNTUSDT Weekly Chart Analysis | Momentum & Key Targets Unveiled
🔍 Let’s dive into MNTUSDT perpetual contracts and decode the current price action, focusing on order flow, volume, liquidations, and momentum for top trading setups.
⏳ Weekly Overview
The weekly chart shows MNTUSDT surging out of a prolonged consolidation box, supported by a massive volume spike. This breakout is adding significant bullish momentum, as the RSI closes above the 71.55 level — a classic signal for trend acceleration and institutional interest.
🔺 Key Bullish Setup:
- Consolidation Box Break: Closing above the $1.57 level marks a safe entry; the order book above is lighter, giving price more freedom to move.
- Short Liquidation Cluster: Between $1.40-$1.60, nearly 471,300 MNT shorts are set for liquidation. Once price pushes through, liquidity fuel could trigger rapid upside.
- Upside Targets: Next objectives are $2.90 (approx. 90% up) and $4.25 (approx. 180% from the breakout), perfectly aligning with RR1 projections out of consolidation.
- Volume & Momentum: A massive volume influx supports the move, and RSI bolting past 71.55 on weeklies brings undeniable momentum.
đź“Š Order Flow & Futures Netflow:
- CoinGlass Futures Netflow: Recent statistics point to a healthy net inflow for MNT after a period of outflows, reflecting renewed market interest and capital rotation into longs.
- Market Cap: $4.50B, cementing its presence among high-liquidity altcoins.
🚨 Conclusion:
Breaking the current consolidation box, backed by a huge volume spike and overbought weekly RSI, signals powerful momentum. The $1.57 level offers a low-risk entry, and clearing short liquidation pockets between $1.40-$1.60 could send MNT to $2.90 and $4.25 in quick succession. Order book dynamics favor further upside, especially as resistance thins above $1.57.
Stay sharp, watch volume and RSI, and monitor liquidations for confirmation of the bullish continuation.
🔍 Let’s dive into MNTUSDT perpetual contracts and decode the current price action, focusing on order flow, volume, liquidations, and momentum for top trading setups.
⏳ Weekly Overview
The weekly chart shows MNTUSDT surging out of a prolonged consolidation box, supported by a massive volume spike. This breakout is adding significant bullish momentum, as the RSI closes above the 71.55 level — a classic signal for trend acceleration and institutional interest.
🔺 Key Bullish Setup:
- Consolidation Box Break: Closing above the $1.57 level marks a safe entry; the order book above is lighter, giving price more freedom to move.
- Short Liquidation Cluster: Between $1.40-$1.60, nearly 471,300 MNT shorts are set for liquidation. Once price pushes through, liquidity fuel could trigger rapid upside.
- Upside Targets: Next objectives are $2.90 (approx. 90% up) and $4.25 (approx. 180% from the breakout), perfectly aligning with RR1 projections out of consolidation.
- Volume & Momentum: A massive volume influx supports the move, and RSI bolting past 71.55 on weeklies brings undeniable momentum.
đź“Š Order Flow & Futures Netflow:
- CoinGlass Futures Netflow: Recent statistics point to a healthy net inflow for MNT after a period of outflows, reflecting renewed market interest and capital rotation into longs.
- Market Cap: $4.50B, cementing its presence among high-liquidity altcoins.
🚨 Conclusion:
Breaking the current consolidation box, backed by a huge volume spike and overbought weekly RSI, signals powerful momentum. The $1.57 level offers a low-risk entry, and clearing short liquidation pockets between $1.40-$1.60 could send MNT to $2.90 and $4.25 in quick succession. Order book dynamics favor further upside, especially as resistance thins above $1.57.
Stay sharp, watch volume and RSI, and monitor liquidations for confirmation of the bullish continuation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.