Technical analysis by EdoardoTelve about Symbol MNT: Buy recommendation (9/29/2025)

Hey Guys! Date: September 29, 2025 MNT has finally broken above its long-term resistance zone and is showing strong upward momentum. The chart structure suggests that the trend has shifted decisively bullish, with room for significant continuation. 🔍 Technical Snapshot: Current Price: $1.84 EMA (4): $1.71 👉 Price is comfortably trading above its EMA, showing strong trend support. 📊 Chart Structure & Price Action: Multi-year accumulation and resistance around $1.10–$1.70 (blue zone) has now been broken. Price has flipped this range into support, a classic sign of strength. Strong volume confirms the breakout is backed by real demand. 📉 Supports to Watch: $1.71 (immediate support, trendline area) $1.11 (major retest level from the breakout base) $0.87 – $0.72 (deeper historical demand zones) 📈 Upside Targets: First target: $2.24 Next levels: $2.35 → $2.50 → $2.62 Extension target: $3.50+ if momentum accelerates 📊 Momentum & Indicators: RSI: currently above 60, showing strong but not yet overextended momentum. Volume profile supports further continuation, with little overhead resistance until the $2.20+ zone. 🎯 Creative Bullish Outlook: MNT looks like it’s entering a new growth phase after years of compression and failed breakout attempts. This clean breakout from the $1.10–$1.70 barrier could open the road toward the $2.20–$2.60 range in the short to medium term. If buyers keep control, the bigger target sits near $3.50–$4.00. 📉 Invalidation: A daily close back under $1.71 would weaken short-term momentum. Losing $1.11 would flip the structure bearish again, returning price into the old range. ⚡ Summary: MNT is in a confirmed breakout from a multi-year resistance structure. As long as price holds above $1.71, the bullish trend remains intact with targets at $2.24 → $2.50 → $2.62 → $3.50+. good trading!