Mantle (MNT) is flashing a key bullish signal that has traders watching closely

According to a chart shared by crypto analyst Trader Tardigrade, the MACD (Moving Average Convergence Divergence) indicator for MNT has just formed a bullish crossover.

Crypto traders are closely following Mantle (MNT) as it flashes a key bullish signal that could spark an 86% rally to $1.3, according to a prominent analyst.

Mantle Can Rise 86% to $1.3, Prominent Analyst Predicts

The MACD (Moving Average Convergence Divergence) indicator for MNT has just formed a bullish crossover, which is often seen at the beginning of strong price rallies. This is the same pattern that was observed in September, and it proceeded to set the stage for a massive rally from $0.5 to $1.4.

"Next target for MNT is set at $1.3, with a potential 86% profit," the analyst shared. "The MACD is at a low position, forming a Bullish Crossover. This move closely resembles the one in September, which resulted in a jump from $0.5 to $1.4."

The analyst's chart outlines a target of $1.3, marking an 86% gain from MNT's recent local low near $0.7. The price is already incrementally climbing toward this target, with an accelerating trend visible in the right-hand portion of the chart. A highlighted box indicates the expected trajectory, modeled directly after the September breakout.

"The historical price movements strengthen the argument for this move. The last bullish crossover in 2024 led to nearly identical behavior by MNT. Now, with the same technicals lining up again, many believe history could repeat, especially if the macro market conditions remain favorable."

The $1.3 level also has a noteworthy horizontal resistance zone, marked by prior price peaks. A breakout beyond this could open the door for even higher targets, especially if the MNT coin captures renewed interest.

"This setup is at a critical technical juncture. Many will be watching closely to see if MNT can break through the $1.3 resistance and continue the rally to the next target."

While the setup looks promising, it is not without its risks. The $1.3 resistance has rejected price action multiple times over the past year, as shown by the green arrows in the chart. Bulls will need strong volume and macro support, possibly in the form of Bitcoin stability or ETH strength, to push through that ceiling.

Still, the confluence of a fresh bullish MACD crossover, historical precedent, and current Mantle price structure gives bulls a solid narrative to lean on. If MNT follows the same pattern as in late 2024, the 86% rally toward $1.3 may only be the beginning.

News data source: kdj.com

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