Technical analysis by CryptoNuclear about Symbol MNT: Buy recommendation (7/1/2025)

Detailed Analysis of MNT/USDT (2D Timeframe):The MNT/USDT pair is currently testing a strong demand zone between $0.44 – $0.58, which has acted as a key accumulation area since 2024. This level has previously triggered strong bullish reversals, making it a crucial point for the next move.📈 Bullish Scenario:Active Demand Zone: Price is currently sitting in a well-established demand area (highlighted in yellow), indicating potential for a strong bounce if buying pressure increases.Upside Potential: A bounce from this zone may push price toward key resistance levels:$0.6612 (initial minor resistance)$0.8002 (psychological and technical barrier)$0.9038 and $0.9500 (previous resistance zones)Further Fibonacci extension and major resistance levels at: $1.0632, $1.2255, and $1.4126Pattern Formation: There is potential for a Double Bottom pattern if price rebounds and breaks above $0.80, confirming a medium-term bullish reversal.📉 Bearish Scenario:Breakdown Risk: A confirmed breakdown below the $0.5836 support and especially under $0.44 would flip the structure to bearish.No Strong Support Below: A drop beneath $0.44 could trigger a free fall toward $0.35 or lower, with minimal technical support in that range.Bearish Confirmation: A breakdown with high selling volume would signal a strong distribution phase and continuation of the downtrend.🔍 Pattern & Market Structure Summary:The zone between $0.44 and $0.58 represents a long-term accumulation base.If this level holds, it could spark a significant bullish move, especially if accompanied by strong volume and market sentiment.If it fails, the chart will confirm a structural breakdown, with potential for deeper bearish continuation.📌 Key Levels to Watch:$0.44 – $0.58 Main Support / Demand Zone$0.6612 Minor Resistance$0.8002 Historical Resistance$0.9038 – $0.9500 Key Resistance Zone$1.0632 – $1.4126 Bullish Extension Targets#MNTUSDT #CryptoAnalysis #TechnicalAnalysis #AltcoinSetup #DemandZone #BreakoutTrade #BullishScenario #BearishScenario #CryptoSignal