MNT/USDT has seen a healthy pullback after the recent move up and is now trying to stabilize. Price is cooling off, which looks more like a reset than a breakdown.
1 Hour view: On the 1H timeframe, price is moving in a short-term downward channel after rejection from the recent high. Selling pressure is slowing, and the market is trying to form a base. If buyers defend this zone, a small rebound toward the previous intraday range is possible. Losing this level may bring one more dip before any bounce.
4 Hour view: On the 4H chart, momentum has weakened, but the structure is still holding above key support. The trend looks neutral-to-soft, suggesting consolidation rather than a sharp continuation down. A sustained recovery would need stronger volume and follow-through on higher candles.
Overall: MNT/USDT is in a pause and stabilization phase. Short-term moves depend on how price reacts around the current support, while a clearer direction will likely come after consolidation.
This is a personal market view, not financial advice.$MNT
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
MNT/USDT Market View
MNT/USDT has seen a healthy pullback after the recent move up and is now trying to stabilize. Price is cooling off, which looks more like a reset than a breakdown.
1 Hour view:
On the 1H timeframe, price is moving in a short-term downward channel after rejection from the recent high. Selling pressure is slowing, and the market is trying to form a base. If buyers defend this zone, a small rebound toward the previous intraday range is possible. Losing this level may bring one more dip before any bounce.
4 Hour view:
On the 4H chart, momentum has weakened, but the structure is still holding above key support. The trend looks neutral-to-soft, suggesting consolidation rather than a sharp continuation down. A sustained recovery would need stronger volume and follow-through on higher candles.
Overall:
MNT/USDT is in a pause and stabilization phase. Short-term moves depend on how price reacts around the current support, while a clearer direction will likely come after consolidation.
This is a personal market view, not financial advice.$MNT