Mantle (MNT), Moderate Volatility and Falling Thursday: Is it Time to Cash Out?

Thursday, March 28, 2024 07:21 AM | InvestorsObserver Analysts

Mantle (MNT) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the crypto has lost 6.6% to $1.2.

InvestorsObserver is giving Mantle a 36 Volatility Rank. Find out what this means to you and get the rest of the rankings on Mantle!

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Moderately Volatile

InvestorsObserver gives Mantle a moderate volatility rank of 36, placing it in the bottom 36% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. MNT's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Mantle price is well positioned going forward. With support near $0.875842009282545 and resistance at $1.43. This positions Mantle with room to run before facing selling pressures.