FxWirePro- MNTUSD (Chart of the day)

Mantle Network is an L2 scalability solution built on top of Ethereum. It is a technology stack for scaling Ethereum. Mantle Network has been built with a modular architecture that combines an optimistic roll-up protocol with an innovative data availability solution.

Transaction per second 500

Block confirmation time - 10 milliseconds

MNTUSD performed well in the past three weeks.

Any daily close above $10 confirms further bullishness.

MNTUSD prices surged more than 35% in the past five days.  It hit a high of $0.9490  and is currently trading around $0.9378. The pair is holding above the short-term (21 and 55-day EMA) and above the long-term moving average (200-day EMA).

The near-term resistance is around $1, any indicative breach above will take the pair to $1.15/$1.530. On the lower side, immediate support is $0.70, and any violation below targets $0.540/$0.450.

Indicators ( Daily chart)

CCI(50)- Bullish

Directional movement index - Bullish

It is good to buy on dips around $0.75 with SL around $0.54 for TP of $1.50.