Mantle 12 % rises – How this MNT can help recover $ 1.40 star-news.press/wp

Main meals

Mantly Rally worth $ 1.26 with again with 937K purchase, futures for 26 % interest rates and momentum turned up bullies. Could it be fluctuating or the next sharp reflection?

Mantle (MNT) increased by 12.31 % to the highest level in 7 months at $ 1.26 before returning to $ 1.21 at the time of the press.

During the same period, the maximum Altcoin market exceeded $ 4 billion for the first time in 7 months, reflecting the flow of fixed capital.

A cloak whale returns

After retracting the immediate market 13 days ago, the Mantle whale returned. Cryptoquant immediate medium demand data showed that Mantle showed large whale orders between 15 and 16 August.

Source: Cryptoquant

Usually, when the instant market records whale requests, it indicates an increase in the sharing of whales through supply and demand.

Of course, the size of the space against the size of the sale suggested that these whales were in accumulation. According to Coinalyze, Mantle recorded a two consecutive two -day purchase/sale.

Source: Coinalyze

On August 15 and 16, Mantle saw cumulating 937K in the purchase volume for 455K in the sales volume. This produced a positive Delta of 480K, a clear sign of aggressive accumulation.

Moreover, repeat the direction exchange flows.

According to Coinglass, Mantle Netflow has registered negatively for a sustainable period. At the time of the press, this scale reached -5.73 million dollars, with a highlight of the heavier external flows of flows. Historically, the external flows preceded the highest pressure higher.

Source: Coinglass

Futures turn into an increasing climb

After saying this, the derivative data indicated a strong shift.

Source: Coinglass

According to Coinglass, the derivative size jumped by 14.19 % to 103.6 million dollars, while the open interest (OI) increased by 26 % to 80.6 million dollars, at the time of the press.

When the size and OI rise together, it indicates a deeper sharing and flow in future contracts.

Meanwhile, the Mantle/short/short 1.01 percentage, with Longs represented 51.7 % and short pants for 48.3 % of positions.

Source: Coinglass

When future contracts register a higher demand for length, it indicates that most market participants are betting mainly.

Buyers pushing momentum to the maximum

According to Ambrypto analysis, the whale request has sparked a mantle momentum.

For this reason, the average medium Mantle rapprochement rose to 0.11, at the time of writing this report, indicating a strong demand.

At the same time, RSI random RSI rose to 89, and touched the excessive area, confirming the hegemony of the buyer.

Source: TradingView

In fact, such momentum indicates ascending bias but often carries warnings of fluctuations.

If the buyer’s momentum is suspended, the Mantle can restore $ 1.20 and the eye $ 1.40 as a resistance. However, the whale or regeneration whale request can withdraw MNT about $ 1.05.