In this Mantle (MNT) price prediction 2023, 2024-2030, we will analyze the price patterns of MNT by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
Mantle (MNT) Current Market Status/h2
MNT Current Market Status (Source: CoinMarketCap)
What is Mantle (MNT)/h2
Mantle Network positions itself as a technology stack designed to enhance the scalability of Ethereum, emphasizing EVM (Ethereum Virtual Machine) compatibility. The commitment to EVM compatibility ensures seamless functionality for contracts and tools, requiring minimal adjustments for migration from Ethereum to Mantle Network. This compatibility enables users to explore a diverse range of web3 applications, while developers benefit from an efficient, low-fee environment for deploying smart contracts.
At its foundational level, Mantle Network adopts a modular architecture that integrates an optimistic roll-up protocol with an innovative data availability solution. This unique combination not only inherits the security features of Ethereum but also introduces cost-effectiveness and increased accessibility in terms of data availability. Mantle Network’s approach aims to contribute to the broader blockchain ecosystem by addressing scalability challenges while maintaining compatibility with the established Ethereum infrastructure.
Mantle 24H Technicals/h2
(Source: TradingView)
h2 Mantle (MNT) Price Prediction 2023/h2
Get The App
Join the millions of people who stay on top of global financial markets with Investing.com.
Download Now
Mantle (MNT) ranks 41st on CoinMarketCap in terms of its market capitalization. The overview of the Mantle price prediction for 2023 is explained below with a daily time frame.
In the above chart, Mantle (MNT) laid out an ascending channel pattern, also known as the rising channel. The upper and lower trend lines that connect the higher highs and higher lows respectively appear to move within a rising slope. This pattern is generally a characteristic of a bullish trend.
At the time of analysis, the Mantle (MNT) price was $0.516. If the pattern trend continues, then the price of MNT might reach the resistance levels of $0.5489 and $0.7691. If the trend reverses, then the price of MNT may fall to the support of $0.4521, $0.3928, and $0.3072.
h2 Mantle (MNT) Resistance and Support Levels/h2
The chart given below elucidates the possible resistance and support levels of Mantle (MNT) in 2023.
MNT/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Mantle (MNT) for 2023.
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Mantle (MNT) are shown in the chart below.
MNT/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Mantle (MNT) market in 2023.
In the below chart, we analyze the strength and volatility of Mantle (MNT) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
MNT/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Mantle (MNT).
h2 Comparison of MNT with BTC, ETH/h2
Let us now compare the price movements of Mantle (MNT) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs MNT Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of MNT is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of MNT also increases or decreases respectively.
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Mantle (MNT) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
h2 Conclusion/h2
If Mantle (MNT) establishes itself as a good investment in 2023, this year would be favorable to cryptocurrency. In conclusion, the bullish Mantle (MNT) price prediction for 2023 is $0.6038. Comparatively, if unfavorable sentiment is triggered, the bearish Mantle (MNT) price prediction for 2023 is $0.3853.
If the market momentum and investors’ sentiment positively elevate, then Mantle (MNT) might hit $1. Furthermore, with future upgrades and advancements in the Mantle ecosystem, MNT might surpass its current all-time high (ATH) of $0.594 and mark its new ATH.
This content was originally published by our partners at The News Crypto .
Written By:
The News Crypto
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Get The App