MNT/USDT Testing Strong Demand Zone – Rebound or Breakdown AheadDetailed 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
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Mntusdtanalysis
MNTUSDT on the Verge of a Major Breakout or Breakdown?Yello, Paradisers! Are you ready for a potential bullish breakout? 🧐
💎MNTUSDT has just broken through a critical resistance trendline and formed a textbook Cup & Handle pattern—a strong signal that a bullish reversal could be brewing.
💎If MNTUSDT breaks out and closes a candle above the resistance zone, it will confirm the pattern, increasing the probability of a strong bullish move.
💎Should we see a pullback, expect a bounce from the support zone. But remember, we need to see I-ChoCh confirmation to strengthen the odds in our favor.
💎On the flip side, if MNTUSDT breaks down and closes below the support zone, this would invalidate our bullish setup. In that case, patience is key—we’ll wait for a more favorable price action before making our next move.
🎖 Staying disciplined and waiting for the right confirmation is crucial for long-term success. Don’t chase trades—wait for high-probability setups to play out.
MyCryptoParadise
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