The cryptocurrency market is continuing its November momentum on the second day as both Bitcoin (BTC) and Ethereum (ETH) trade in green. Major altcoins are following the positive sentiment — including Mantle (MNT), which is showing early signs of strength.
MNT is trading in the green with a modest jump, but more importantly, its chart is now displaying a key bullish pattern formation that hints at a potential breakout in the sessions ahead.
Descending Broadening Wedge Pattern in Play
On the 2-hour chart, MNT has been moving within a descending broadening wedge — a bullish technical pattern that often develops during a downtrend and signals a potential reversal once the price breaks above the upper boundary.
During its recent pullback, MNT tested the lower wedge support near $1.3784, where buyers stepped in to defend the zone. Since then, the token has seen a solid rebound, climbing back toward $1.4580, where it now trades close to the wedge’s upper resistance line.
This tightening price action near the top boundary suggests mounting pressure for a potential breakout — a scenario often followed by a strong directional move.
What’s Next for MNT?
If bulls manage to push MNT above the upper wedge trendline and reclaim the 100 MA around $1.5819, it could trigger a strong upside breakout. In that case, the token’s next technical target sits near $1.8805, representing roughly a 29% upside from current levels.
However, if MNT faces rejection at the resistance zone, the token could remain in consolidation mode within the wedge for a while longer. In such a scenario, $1.41 will serve as a key short-term support to monitor closely.
At present, the overall technical structure remains constructive — and if the broader crypto market sustains its bullish momentum, MNT could soon be among the altcoins leading the next wave of upside movement in November.