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The Mantle price soared 20% in the last 24 hours to trade at $0.8719 as of 4:50 a.m. EST on trading volume that skyrocketed 266% to $609.77 million.
Mantle Price Prediction
The MNT price found its bottom at a support at $0.70 by Aug. 3, after dropping for about a week. Its price previously reached the height of $0.83 before the bear market knocked it down to $0.70. However, after the token bottomed out, bulls started buying the dip, pumping it to the resistance at $0.80, only to break it and send it even higher up to $0.911.
Since then, the token saw a mild correction to $0.873, and since then, its Bollinger Bands have seen a sharp narrowing, although they still remain extremely wide compared to their state before yesterday’s surge.
Daily chart for MNT/USDT (Source: TradingView)
Meanwhile, the project’s Relative Strength Index (RSI) has seen quite a bit of movement. Early on Aug. 4, it soared deeply into the overbought zone, reaching the value of 85.20, only to then drop to 50 as traders took profit.
However, a new wave of buyers moved in to buy the dip, pumping the RSI even higher, to 97.62. This led to a major sell-off that knocked the metric down to 30, only for the buyers to move in again, and push it to 78.51 earlier today. Since then, the RSI dropped to 55, where it stabilized for the time being, as traders wait to see what will happen next.
Promising Alternative To Mantle
With Mantle currently stable, investors have doubled down on TOKEN6900 (T6900), a new meme coin project inspired by SPX6900.
Like SPX6900, which is both the inspiration and a rival to TOKEN6900, the project glorifies the most important number in the meme coin sector — 69. However, it acts as a true meme coin, claiming that it has no utility tied to its token, nor plans for the future, and that investors should not expect it to evolve into something more than what it already is.
Even so, TOKEN6900 has attracted quite a bit of investors, who joined its ICO early to buy its token at a low price before it goes live and potentially sees a major surge. The presale started with TOKEN6900 priced at $0.006400, and it will end when the price hits $0.007125.
At the time of writing, it sits at $0.00685, meaning that there is still a bit of time left for investors to join. So far, it has raised over 1.63 million, and is now rapidly approaching the $2 million milestone. The team has set a $5 million hard cap, so anyone interested in investing is not too late yet.
Even so, buyers should make their move soon, to ensure they get the token at its lowest presale price.
ClayBro, a crypto YouTuber with over 136k subscribers, predicts that TOKEN6900 could see 30x gains.
If you wish to join others who invested early, buy now, before the next presale price hike in about 41 hours.
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