Mantle is trading near a critical area after another rebound failed to alter the broader price structure. On Bybit, MNT/USDT was last quoted at $0.99, up 3.4% on the day with reported volume at 5.33M.
Despite the bounce, price remains pinned below levels that previously capped recovery attempts.
The latest move comes after a prolonged slide from above $1.10 earlier in the week. That decline slowed near the $0.95–$0.97 zone, where price began oscillating before pushing back toward $1.00. The rebound has so far lacked follow-through, leaving MNT hovering just under the psychological $1.00 handle rather than reclaiming it decisively.
Current Price Chart Shows Fragile Recovery
Short-term price action reflects instability rather than trend reversal. After printing a local low below $0.95, MNT staged a measured rebound, climbing back toward $0.99. That move coincided with a visible pickup in volume, but price stalled again as it approached the same area that rejected prior advances.
The four-hour structure shows uneven higher lows paired with capped highs, keeping price compressed beneath overhead supply. Each push higher has been met with selling pressure before a clean break can develop. As a result, the market remains anchored close to horizontal support, with little separation between current price and recent downside tests.
Loss of Structural Support
A broader technical view shared by crypto trader GainMuse paints a more fragile picture. The analysis outlines a market trading along a key horizontal support line after repeated rejections from descending resistance. Multiple triangle patterns and failed recovery attempts are marked across the chart, reinforcing the presence of sustained downward pressure.
In that framework, price remains capped beneath a downward-sloping resistance line while compressing along support. The structure shows a sequence of lower highs, with rebounds fading before momentum can shift. The chart projection points toward a lower target zone if the current base gives way, illustrating how downside pressure could accelerate following a clean loss of support.
The GainMuse view frames the current price area as a decision point rather than a confirmation. While MNT is still holding above the immediate base, the broader structure remains tilted lower as long as price stays confined beneath resistance.
Taken together, both the short-term chart and the broader structural view show Mantle trading at a sensitive juncture. Price is stabilizing for now, but the underlying structure remains under pressure, keeping the focus on whether support can continue to hold.