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- Mantle surged 250%, reaching $1.95 and breaking long-term resistance.
- Momentum indicators remain bullish, but wave counts suggest the rally may end soon.
- October target: $2.20, with limited upside beyond this level.
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Mantle (MNT) has been one of the crypto market’s standout performers. Surging over 250%, the token has broken multiple all-time highs, catching traders’ attention. With momentum indicators pointing upward, investors are asking: how far can Mantle go in October?
Mantle’s Meteoric Rise
After hitting $1.55 in March 2024, Mantle entered a steep decline, dropping 66% to $0.52 by June 2025. The downturn ended when MNT reversed sharply, breaking through a long-term diagonal resistance. Today, the token reached $1.95, confirming its bullish breakout.
The rebound has been fueled by strong technical momentum. The Relative Strength Index (RSI) sits above 70, while the MACD indicator remains positive, signaling continued buying pressure. Weekly candlestick patterns also support a bullish trend, with recent bullish engulfing bars invalidating September’s short-term correction.
What Drives the Upward Momentum?
Mantle’s surge aligns with a classic wave structure in technical analysis. Following an A-B-C correction under its diagonal resistance, MNT entered a five-wave upward pattern starting July 2025. Current data suggest the token is in the fifth and final wave, often a sign that a rally is nearing its short-term peak.
Adding to this, MNT faces strong resistance at the 1.27 Fibonacci retracement level. Difficulty breaking above this point could indicate that the rally is stalling, setting the stage for a potential consolidation or minor pullback.
October Outlook: Near-Term Targets
Technical charts suggest Mantle could push toward $2.20 in October, defined by the 1.61 external Fibonacci retracement. However, gains beyond this point appear limited unless new catalysts emerge. Traders should remain cautious, as the final leg of the rally often sees heightened volatility before a pause or reversal.
Mantle’s 250% surge has captured the crypto market’s attention, but indicators suggest the rally may be approaching its peak. While a move toward $2.20 is possible in October, investors should temper expectations for significant upside beyond that level. Short-term caution and strategic positioning remain key.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Mantle (MNT) Surges 16% to $1.65 After Bybit Partnership – Top 30 Crypto Alert
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
