Mantle price targets $1.22 after 20% breakout from range

Mantle has surged 20.02% as bullish momentum continues to drive the price upward. The market structure remains firmly intact, suggesting further upside is possible if current support levels hold.
The recent 20% move in MNT represents a significant shift in sentiment and momentum. From a structural perspective, the bullish trend began when the value area low at $0.57 held firm on multiple high time frame retests. This support zone acted as a base for accumulation, setting the stage for the current leg higher.
Structurally, MNT is continuing to post higher highs and higher lows, the hallmark of a sustained uptrend. If the current bullish structure holds and price remains above the value area high, the next swing high will likely be taken out, creating an opportunity for continuation toward new resistance zones.

The lack of significant overhead resistance between the current price and $1.22 suggests that if bulls can maintain control, the rally could extend in a relatively smooth fashion. Traders should keep a close eye on volume and candle closes above the reclaimed range high for confirmation.

Should price fail to hold above the value area high, a pullback toward prior support levels is possible. However, the broader bullish structure would still remain intact unless $0.57 is lost, which currently appears unlikely given momentum and volume trends.

What to Expect in the Coming Price Action
If MNT holds above the value area high, a move toward $1.22 becomes the next probable objective. Continuation is favored while bullish volume supports the trend and market structure remains intact.
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