In the ongoing battle between buyers and sellers, Mantle is currently locked in a tug-of-war with the monthly pivot point. The price has found support around ~0.7873, a level that previously acted as resistance. This potential reversal of roles suggests a bullish bias could be emerging.
Adding credence to this possibility is the RSI indicator. If the price can decisively break above the monthly pivot, the RSI would likely follow suit, confirming a potential bullish breakout.
Key technical points:
Price finding support at previous resistance level (~0.7873)
Monthly pivot point acting as a potential hurdle
Confirmation signal:
RSI breaking above its current level alongside a price breakout above the monthly pivot
This is just a potential trade idea based on technical indicators. Always conduct your own research and analysis before making any trading decisions.