Technical analysis by taika808 about Symbol MNT: Buy recommendation (8/13/2025)

Mantle is showing strong bullish momentum after breaking above the descending trendline and clearing the key resistance zone around $1.10. The price action suggests a powerful reversal from the long-term downtrend. Key Technical Factors: • Clean breakout above descending resistance trendline • Price trading above the green support zone ($1.0626) • RSI climbing towards overbought territory, confirming momentum • Strong bullish candles indicating buyer conviction Price Targets: • First resistance: $1.4361 (previous high) • Extended target: $2.3942 (as indicated by the projected path) The setup aligns with a new ATH scenario, but traders should consider position sizing carefully given the ambitious targets.