Technical analysis by taika808 about Symbol MNT: Buy recommendation (7/7/2025)

MNTUSDT has reached a critical support zone around $0.5742, presenting a potential buying opportunity. The price is testing the green support area that has held multiple times historically, suggesting this level remains significant for buyers.Key Technical Observations:Price currently testing major support zone (green box)RSI showing oversold conditions around 40, indicating potential for bouncePrevious support levels in this range have generated strong reversalsDowntrend from recent highs appears to be losing momentumPotential Trade Setup:Entry: Current levels around $0.5742 support zoneTarget 1: $0.7000 (previous resistance area)Target 2: $0.8500 (higher resistance zone)Stop Loss: Below $0.5000 to manage downside riskRisk Factors:Broader market conditions could pressure the support furtherBreak below $0.5000 would invalidate the bullish scenarioVolume confirmation needed for sustainable bounceThe risk-to-reward ratio appears favorable at current levels, but traders should monitor for volume confirmation and overall market sentiment.