{"id":1882,"date":"2026-06-27T03:50:21","date_gmt":"2026-06-27T03:50:21","guid":{"rendered":"https:\/\/xrpfaucet.site\/?p=1882"},"modified":"2026-06-27T03:50:21","modified_gmt":"2026-06-27T03:50:21","slug":"mantle-loses-key-long-term-support-as-selling-volume-surges-44","status":"publish","type":"post","link":"https:\/\/xrpfaucet.site\/?p=1882","title":{"rendered":"Mantle loses key long-term support as selling volume surges 44%"},"content":{"rendered":"
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\ud83d\udcf0 Exclusive Crypto News & Analysis:<\/strong> Stay ahead with the latest developments in the cryptocurrency and blockchain space.<\/p>\n

\ud83d\udcc8 Market Update:<\/strong> Real-time price movements, technical analysis, and trading signals.<\/p>\n

\n

The crypto market has faced a tough week of trading. Since Monday, June 22, Bitcoin (BTC) has fallen 8.6%<\/strong>from $65.6k to $60k<\/strong>. During this time, Mantle (MNT) prices have slid by 21.6%<\/strong>from $0.541 to $0.416<\/strong>.<\/p>\n

In the past 24 hours alone, MNT prices were down by just under 10%<\/strong>. The daily trading volume has increased by 44%<\/strong>which indicates heightened selling activity as prices slid lower.<\/p>\n

The Mantle price drop was influenced by Bitcoin, which in turn reacted to macro market news. Inflation was on the rise. Data from the Bureau of Economic Analysis showed that the personal consumption expenditures price index (PCE)<\/strong> was up 4.1% year-on-year in May 2026<\/strong>reaching a 3-year high<\/strong>.<\/p>\n

This triggered a sell-off, and long liquidations sent prices reeling lower. Mantle\u2019s long-term price trend was bearish, and the recent losses reinforced this bias.<\/p>\n

MNT slips below key long-term support<\/h2>\n
\"Mantle\"Mantle<\/a>
Source: MNT\/USDT on TradingView<\/figcaption><\/figure>\n

The 1-week chart of MNT highlighted the importance of the $0.55<\/strong> support level. The buyers have defended it since early 2024. Losing this critical long-term support level meant the long-term trend was now bearish.<\/p>\n

The RSI was at 32.7<\/strong> and not yet at oversold conditions. The OBV has bounced since last July but was slowly sliding lower, too.<\/p>\n

This week\u2019s losses meant the altcoin is likely to drop to the $0.319<\/strong> support level soon, and possibly even lower.<\/p>\n

Traders\u2019 call to action- Wait to sell the bounce<\/h2>\n
\"Mantle\"Mantle<\/a>
Source: MNT\/USDT on TradingView<\/figcaption><\/figure>\n

The 4-hour timeframe showed a bearish swing structure. The latest downward continuation signal came when the $0.506<\/strong> lower low was broken on Wednesday, June 24.<\/p>\n

The RSI was deep in oversold conditions, and the OBV\u2019s downward moves were much more apparent than on the weekly timeframe.<\/p>\n

This, combined with the break of the weekly support, meant that the current H4 swing move lower was over, or close to being over. A bounce is likely to commence from here, reaching the key Fibonacci retracement targets overhead.<\/p>\n

Therefore, a bounce into the golden pocket at $0.526-$0.556<\/strong> would offer a selling opportunity.<\/p>\n\n

Final Summary<\/h2>\n
    \n
  • The Bitcoin price drop earlier this week spurred the heavy MNT losses as market participants sought not to endure the rocky seas.<\/em><\/li>\n
  • Traders can wait for a price bounce toward $0.55 before selling.<\/em><\/li>\n<\/ul>\n\n<\/p><\/div>\n

    \ud83d\udca1 Pro Tip:<\/strong> Bookmark our site for daily insights, market predictions, and expert trading strategies.<\/p>\n

    \ud83d\udd17 Explore More:<\/strong> Check our sections for in-depth guides, exchange reviews, and blockchain technology deep-dives.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    \ud83d\udcf0 Exclusive Crypto News & Analysis: Stay ahead with the latest developments in the cryptocurrency and blockchain space. \ud83d\udcc8 Market Update: Real-time price movements, technical analysis, and trading signals. The crypto market has faced a tough week of trading. Since Monday, June 22, Bitcoin (BTC) has fallen 8.6%from $65.6k to $60k. During this time, Mantle …<\/p>\n","protected":false},"author":1,"featured_media":1883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[698,358,697],"class_list":["post-1882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-analysis","tag-crypto-news","tag-mantle"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/1882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1882"}],"version-history":[{"count":0,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/1882\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/media\/1883"}],"wp:attachment":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}