MNTUSDT Critical Point, Descending Trendline Breakout Incoming?MNTUSDT SPOTBYBIT:MNTUSDTCryptoNuclear📊 Technical Analysis 💵 Coin: MNT #MNT ⏳ Time Frame: 2D 📐 Pattern: Descending Trendline 📍 Current Price: around $0.4505 🔻 Major Trend: Bearish / Downtrend 📉 Trendline: A descending resistance line that has been pressuring price since the peak around $2.40+ --- 📐 Pattern — Descending Trendline 🔻 🔻 The chart shows a clear Descending Trendline, with a series of Lower Highs (LH) since the peak around $2.40. 📉 Every time price attempts a recovery, it tends to face selling pressure from the trendline. 🧱 This trendline acts as the main dynamic resistance. As long as price remains below it, the broader structure remains bearish. ⚠️ However, price is now approaching the trendline after forming a base around $0.39–$0.45, making a potential breakout an important scenario to watch. --- 🟢 BULLISH SCENARIO — Breakout 🔥 🚀 Main bullish signal: Price successfully breaks above the Descending Trendline and closes above it on the 2D timeframe. 📌 A stronger breakout would occur if the 2D candle closes above the trendline and then successfully retests it as support. 🎯 Bullish Targets 🟢 Target 1: $0.5200 ➡️ The first resistance that needs to be reclaimed. 🟢 Target 2: $0.5750 ➡️ The next resistance area and an important level within the chart structure. 🟢 Target 3: $0.6750 ➡️ A major resistance level shown on the chart and the primary target after a confirmed breakout. 🟢 Target 4: $0.8650 ➡️ A higher resistance zone that could become the next target if bullish momentum strengthens. 🔥 If $0.6750 is successfully broken and established as support, the potential move toward $0.8650 becomes significantly more interesting. --- 🔴 BEARISH SCENARIO — Rejection from Trendline ⚠️ 🔴 If price reaches the Descending Trendline but fails to break above it, the trendline remains valid as resistance. 📉 A rejection could send price back toward the previous support areas. 🔻 $0.4500 → Current price / minor support area. 🔻 $0.3864 → Major low visible on the chart. ⚠️ If $0.3864 is decisively broken, the bearish structure could continue and potentially open the way toward lower levels. --- 🧩 KEY LEVELS 🟡 $0.8650 → Major Resistance 🟡 $0.6750 → Major Resistance / Bullish Target 🟡 $0.5750 → Intermediate Resistance 🟡 $0.5200 → First Major Resistance ⚪ $0.4505 → Current Price Area 🔵 $0.3864 → Major Support / Recent Low --- 🔥 Conclusion 📉 From a broader structural perspective, MNT remains in a downtrend because price is still below the Descending Trendline. 👀 However, the current position is interesting because price is approaching the key trendline resistance. 🚀 Bullish confirmation: Breakout + 2D close above the trendline → successful retest → potential move toward $0.5200 → $0.5750 → $0.6750 → $0.8650. 🔴 Bearish confirmation: Rejection from the trendline + loss of support → potential retest of $0.3864. ⚠️ The key factor in this chart is the Descending Trendline. Until there is a valid breakout, a full trend reversal should not be considered confirmed. 📌 Breakout = potential structural change to watch. 📌 Rejection = bearish trend remains dominant. --- #MNT #MNTUSDT #Mantle #Crypto #CryptoAnalysis #TechnicalAnalysis #Altcoin #AltcoinAnalysis #PriceAction #ChartAnalysis #DescendingTrendline #TrendlineBreakout #Bullish #Bearish #CryptoTrading #TradingSetup #CryptoMarket #MNTAnalysis