Glory: active users flee, but this group refuses to fold it star-news.press/wp

Main meals

Mantle decreased 8.4 % with daily active addresses. The derivative traders dominate 69 % length and a positive financing rate, while the heat maps are placed on both the risks of the negative side and the reversal capabilities.

Mantle (MNT) continued to decrease last day, as a decrease in the price was 8.45 %, decreasing to $ 1.14. Ambcrypto analysis showed a gap: the scales on the chain look down, but derivative derivatives have continued to add a long time.

Users come out on the series

The activity on the series showed that investors do not comply with the assembly, instead of choosing an exit from the market.

At the time of the press, the daily active headlines decreased sharply. Artemis data showed that active users decreased to 10700, while daily transactions decreased to 199,300. The average transactions for each user decreased to 18.6.

Source: Artemis

Ambcrypto expects these numbers to shrink more, given the fall of users.

Returning users also decreased, and decreased to 9,900 last day. This indicates that once users complete medium transactions, the possibility of their return is very low.

This total decrease in the scale signals on the chain reduced the use and demand on the MNT, which in turn has been weighed on the price.

Derivatives anti -sellers

Discovered merchants, however, faced the hibudian tone. In the past 24 hours, longs gained hegemony.

At the time of the press, 68.9 % of the trading volume in the derivative market came from long investors, according to Coinalyze Long/short percentage.

Source: Coinalyze

The assembled financing rate also turned into 0.0078 %. Moreover, positive financing rates indicated that long traders have paid a premium to maintain their sites.

This feeling usually appears when the long markets are preferred, which hints to the potential upward continuation.

Source: Coinalyze

If the traders maintain the climbers of this momentum, the MNT may earn the upper hand.

The heat map shows potential tracks

Liquidity groups revealed on the MNT heat map that the original is placed for both the assembly and a decline for each Coinglass.

One scenario indicated a declining decline, followed by a recovery of ascension. Liquidity groups can be wiped less than $ 1.14 first, and these levels are converted into areas for one time.

Source: Coinglass

The possible second scenario was a higher gathering, as MNT cleans the liquidity groups above their price. However, the risks of the downside remained, as unpleasant liquidity groups are still present below.