Mantle (MNT/USDT): Daily Analysis — Elliott Wave ProjectionMNTUSDT SPOTBYBIT:MNTUSDTHoneyBadgerAIMantle ( MNT ) is currently navigating a corrective phase following a period of pronounced bearish momentum within a well-defined descending channel. The technical structure suggests that the market is attempting to stabilize, with clear indications of a local "Break of Structure" (BoS) that could set the stage for a new impulsive move. The price action indicates we have moved through a series of corrective waves (i, ii, iii, iv, v). The current consolidation around the 0.5 – 0.618 Fibonacci retracement levels ($0.65 – $0.69) suggests a pivotal zone where selling pressure is meeting potential institutional demand. Support: The confluence of the 0.618 Fib ($0.653) and 0.705 Fib ($0.623) levels provides a strong support floor. Holding these levels is essential to validate the bullish reversal thesis. Target 1 (Range High): $0.863 (0 Fib extension) Target 2: $0.944 (–0.238 Fib extension) Target 3: $0.994 (–0.382 Fib extension) Market Context: MNT has recently faced headwinds, with short-term trends showing consolidation. A clean reclaim of the daily pivot above $0.66 would be the first step in shifting momentum from bearish to neutral/bullish, potentially leading to a test of the upper resistance levels.