Can Bulls Push Price $1.20?

By Tina Fatima | Edited By Ammar Raza,March 20, 2026, 12:45 PM

Mantle (MNT) has climbed to the third-largest position on the decentralized finance protocol Aave by total lending and borrowing value. As of March 2026, the network has secured approximately $1.34 billion in value within just over one month, according to Mantle.

The surge also reinforces confidence in Mantle’s ecosystem, positioning it as a major liquidity hub in decentralized finance. Market participants are now watching closely to see whether this momentum can continue and drive further growth in the near term.

Also Read: Mantle (MNT) Holds $0.60 Support While Triangle Pattern Signals Volatility Ahead

Price Action Shows Persistent Bearish Market Structure

According to the TradingView chart, MNT reflects a clear transition from a strong bullish rally into a corrective downtrend. After reaching the $2.40–$2.60 range, the asset faced strong rejection, forming consecutive bearish candles and confirming distribution across the market.

This chart depicts a series of lower highs and lower lows for MNT. This shows that the bearish momentum is still intact. The price is oscillating around $0.74 and remains below the middle Bollinger band at $1.37, which is acting as a strong ceiling ahead.

Ichimoku signals also support this bleak picture, as the price remains below its cloud and continues to face resistance at levels ranging from $1.21 to $1.70. Overall, these technical readings suggest that sellers are controlling the current market rhythm.

Technical Indicators Signal Weak Momentum Ahead

The momentum indicators suggest that there is a hint of recovery, but this is only tentative and does not suggest that the trend change is confirmed.

The Relative Strength Index (RSI) is at 41.76, which is below the neutral level of 50. This indicates that selling pressure is stronger compared to buying pressure, even though the asset is not in the oversold region.

The MACD indicator still shows a bearish mood. The MACD line remains below the signal line, and the negative values of the histogram bars show the downward pressure.

However, the bars are becoming smaller, suggesting that the selling pressure might be weakening. If the price can break through the $0.91 level, there might be a small relief move up towards the $1.20 level.

Conversely, if the price does break below the $0.70 level, it could set the stage for a move towards the $0.60 level or lower. Until the higher resistance levels are taken out, the overall trend remains cautiously bearish.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: Mantle (MNT) Surges 3% as Technical Breakout Signals $1.33 Target