**Mantle (MNT) Price Analysis: Why the Recent Decline and What’s Next?**
Mantle (MNT) has recently experienced a sharp downturn, dropping 5.11% over the past 24 hours as of November 2025. This decline followed a failure to hold the critical $1.58 support level, pushing MNT to a swing low of $1.18. The broader cryptocurrency market has also been affected, losing $100 billion in total capitalization amid a $1.14 billion wave of liquidations.
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### What is Driving the Recent Decline in Mantle (MNT) Price?
The steep sell-off in MNT is largely attributed to heightened volatility in Bitcoin and a widespread market sell-off. In early November, Bitcoin’s rejection at the $116,000 resistance level triggered a cascade that rippled across altcoins, mantling considerable pressure on tokens like Mantle, a layer-2 solution operating within Ethereum’s ecosystem.
Trading volume for MNT surged by 83%, signaling intense selling activity in fearful market conditions. This increase in volume has exacerbated the downtrend as investors rushed to exit positions amid uncertainty.
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### How Are Technical Indicators Signaling Bearish Momentum for MNT?
Technical analysis from TradingView reveals several bearish signals for MNT:
– **Chaikin Money Flow (CMF):** The CMF indicator has dipped below -0.05, highlighting significant capital outflows and strong selling pressure.
– **Directional Movement Index (DMI):** The negative directional indicator (-DI) has risen above 20, and the Average Directional Index (ADX) is climbing, confirming a strengthening downtrend on the daily chart.
– **Open Interest (OI):** Data from Coinalyze shows a decline in open interest, indicating liquidations and that speculators are either closing out or refraining from new positions amid volatility.
Such technical patterns often precede further price corrections unless there is a notable shift in overall market sentiment.
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### Key Support and Resistance Levels to Watch
– **Support:** The next critical support lies around $1.10, a level that served as a rally base back in September and could provide some temporary relief. Below this, the $1 psychological level looms as a major threshold.
– **Resistance:** Any short-term rebound might face resistance near the $1.40 supply zone, which could act as a ceiling if selling pressure continues.
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### Market Sentiment and Additional Factors
According to CoinMarketCap’s Fear & Greed Index, investor sentiment has swung into fearful territory, amplifying downside momentum particularly for Ethereum-based tokens like Mantle. On-chain metrics from Etherscan reveal increased transfer volumes coupled with declining holder counts, suggesting profit-taking by long-term investors.
Financial experts cited in Bloomberg reports note that intense liquidations often create oversold conditions, occasionally paving the way for relief rallies. However, the current environment remains fragile. Without Bitcoin stabilizing above $100,000, MNT’s price action is likely to stay precarious, showing sensitivity to Bitcoin’s movements.
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### What Are Traders Saying?
Futures data from exchanges such as Binance indicate long positions are being squeezed, contributing to the volume spike and downward momentum. While a short-term bounce to $1.40 is plausible, prevailing bearish forces might continue to push MNT closer to $1 if selling persists.
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### Frequently Asked Questions
**Q: Why is Mantle (MNT) price experiencing a downturn right now?**
A: The downturn was triggered by a market-wide sell-off initiated by Bitcoin’s volatility on November 2, resulting in a 5.11% drop over 24 hours. Heavy liquidations totaling $1.14 billion and an 83% surge in trading volume intensified selling pressure, forcing MNT below key supports from $1.58 down to $1.18.
**Q: What is the short-term outlook for MNT price movement?**
A: Short-term, a bounce back to the $1.40 resistance level is possible. However, bearish indicators like declining open interest and a negative CMF suggest caution. If the $1.10 support fails, traders should prepare for potential further losses, although oversold conditions might offer brief relief.
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### Key Takeaways
– **Bearish Technicals Dominate:** CMF below -0.05 and rising -DI confirm ongoing selling pressure, with $1.10 as the next support target.
– **Market Liquidations Impact:** $1.14 billion wiped out in liquidations across the crypto market aggravated MNT’s 5.11% drop, linked closely to Bitcoin’s rejection at $116k.
– **Potential Rebound Opportunity:** A possible recovery attempt toward $1.40 exists, yet overall market sentiment remains fearful, emphasizing the importance of risk management.
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### Conclusion
The recent decline in Mantle (MNT) price reflects broader volatility in the cryptocurrency market, mainly influenced by Bitcoin’s erratic behavior. Technical indicators forecast continued bearish momentum toward $1 unless Bitcoin manages to stabilize above $100,000. Investors should monitor key levels like $1.40 for potential rebounds and $1.10 for deeper corrections.
Staying informed about ecosystem developments and on-chain activity will be critical in navigating this downtrend and positioning for possible future recoveries within the evolving digital asset landscape.
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*Disclaimer: The information presented is the writer’s opinion and does not constitute financial, investment, trading, or other types of advice.*
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