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MNT/USDT Testing Strong Demand Zone – Rebound or Breakdown Ahead

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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 $1.4126


Pattern 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

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