Detailed Analysis of MNT/USDT (2D Timeframe):
The MNT/USDT pair is currently testing a strong demand zone between $0.44 – $0.58, which has acted as a key accumulation area since 2024. This level has previously triggered strong bullish reversals, making it a crucial point for the next move.
📈 Bullish Scenario:
Active Demand Zone: Price is currently sitting in a well-established demand area (highlighted in yellow), indicating potential for a strong bounce if buying pressure increases.
Upside Potential: A bounce from this zone may push price toward key resistance levels:
$0.6612 (initial minor resistance)
$0.8002 (psychological and technical barrier)
$0.9038 and $0.9500 (previous resistance zones)
Further Fibonacci extension and major resistance levels at: $1.0632, $1.2255, and $1.4126
Pattern Formation: There is potential for a Double Bottom pattern if price rebounds and breaks above $0.80, confirming a medium-term bullish reversal.
📉 Bearish Scenario:
Breakdown Risk: A confirmed breakdown below the $0.5836 support and especially under $0.44 would flip the structure to bearish.
No Strong Support Below: A drop beneath $0.44 could trigger a free fall toward $0.35 or lower, with minimal technical support in that range.
Bearish Confirmation: A breakdown with high selling volume would signal a strong distribution phase and continuation of the downtrend.
🔍 Pattern & Market Structure Summary:
The zone between $0.44 and $0.58 represents a long-term accumulation base.
If this level holds, it could spark a significant bullish move, especially if accompanied by strong volume and market sentiment.
If it fails, the chart will confirm a structural breakdown, with potential for deeper bearish continuation.
📌 Key Levels to Watch:
$0.44 – $0.58 Main Support / Demand Zone
$0.6612 Minor Resistance
$0.8002 Historical Resistance
$0.9038 – $0.9500 Key Resistance Zone
$1.0632 – $1.4126 Bullish Extension Targets
#MNTUSDT #CryptoAnalysis #TechnicalAnalysis #AltcoinSetup #DemandZone #BreakoutTrade #BullishScenario #BearishScenario #CryptoSignal
The MNT/USDT pair is currently testing a strong demand zone between $0.44 – $0.58, which has acted as a key accumulation area since 2024. This level has previously triggered strong bullish reversals, making it a crucial point for the next move.
📈 Bullish Scenario:
Active Demand Zone: Price is currently sitting in a well-established demand area (highlighted in yellow), indicating potential for a strong bounce if buying pressure increases.
Upside Potential: A bounce from this zone may push price toward key resistance levels:
$0.6612 (initial minor resistance)
$0.8002 (psychological and technical barrier)
$0.9038 and $0.9500 (previous resistance zones)
Further Fibonacci extension and major resistance levels at: $1.0632, $1.2255, and $1.4126
Pattern Formation: There is potential for a Double Bottom pattern if price rebounds and breaks above $0.80, confirming a medium-term bullish reversal.
📉 Bearish Scenario:
Breakdown Risk: A confirmed breakdown below the $0.5836 support and especially under $0.44 would flip the structure to bearish.
No Strong Support Below: A drop beneath $0.44 could trigger a free fall toward $0.35 or lower, with minimal technical support in that range.
Bearish Confirmation: A breakdown with high selling volume would signal a strong distribution phase and continuation of the downtrend.
🔍 Pattern & Market Structure Summary:
The zone between $0.44 and $0.58 represents a long-term accumulation base.
If this level holds, it could spark a significant bullish move, especially if accompanied by strong volume and market sentiment.
If it fails, the chart will confirm a structural breakdown, with potential for deeper bearish continuation.
📌 Key Levels to Watch:
$0.44 – $0.58 Main Support / Demand Zone
$0.6612 Minor Resistance
$0.8002 Historical Resistance
$0.9038 – $0.9500 Key Resistance Zone
$1.0632 – $1.4126 Bullish Extension Targets
#MNTUSDT #CryptoAnalysis #TechnicalAnalysis #AltcoinSetup #DemandZone #BreakoutTrade #BullishScenario #BearishScenario #CryptoSignal
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✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
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✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
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.