Arbitrum

Mantle

Date: Mon, Nov 25, 2024, 10:53 AM GMTThe cryptocurrency market is seeing strong upward momentum, with <a href="https://coinsprobe.com/xrp-whales-accumulate-over-50m-tokens-over-the-weekend-will-it-push-price-higher/" rel="noopener noreferrer nofollow">altcoins </a>gaining significant attention as Bitcoin dominance declines. Following the momentum, Arbitrum (ARB) and Mantle (MNT) have recently come into the spotlight, as both tokens are approaching critical resistance levels following notable surges.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/b873397403f04c198e28bb2225716aaf.png" />Source: Coinmarketcap<h3 id="arbitrum-arb">Arbitrum (ARB)</h3>ARB has seen a 8% gain today, pushing its price toward a key resistance zone between $0.83 and $0.96, as seen in the chart. This zone represents a critical area where ARB has struggled to move past in the past. A breakout above this resistance level could signal the start of a bullish phase for ARB, potentially igniting further upside momentum.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/b5d3f66e439846edab41b01b6c47d7e0.png" />If ARB successfully breaches its current resistance zone, the next major target is $1.25, representing a 37% potential upside. This level is key as it aligns with historical retracement zones, and a breakout could spark further buying interest.Beyond $1.25, the next targets are $1.78 and $2.26, offering up to a 135% potential gain. These levels coincide with strong resistance zones from previous market cycles, and if ARB continues its momentum, these targets could signal a significant bullish continuation.<h3 id="mantle-mnt">Mantle (MNT)</h3>MNT is also making notable gains, with today’s 4% rise pushing its price toward the upper boundary of a key resistance zone between $0.87 and $0.97. This level has acted as a significant barrier for MNT in the past, and a successful breakout could mark the beginning of a new bullish trend.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/7a38fca245ca4b65be5ca6cf39e64df3.png" />If MNT manages to breach this resistance zone, the next major target lies at $1.04, offering a 20% potential upside. This level is crucial as it aligns with previous consolidation zones where significant price action occurred, making it a key point to monitor.Beyond $1.04, the subsequent targets are $1.27 and $1.41, representing a further 42% potential gain. These levels coincide with strong resistance zones observed in earlier trading cycles, highlighting their importance. A sustained breakout above these levels could signal a robust bullish continuation for MNT, attracting increased attention from investors.<h3 id="outlook-for-arb-and-mnt">Outlook for ARB and MNT</h3>Both Arbitrum (ARB) and Mantle (MNT) are at pivotal resistance levels that could determine their near-term price direction. If either of these tokens successfully breaks through their respective resistance zones, significant upside potential exists. Traders should watch these levels closely as the next move could set the tone for further price appreciation. However, rejection at these resistance points could lead to a pullback, so investors should remain vigilant.Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.Also Read: <a href="https://coinsprobe.com/dogecoin-doge-analysis-mirrors-previous-bull-run-patterns-is-3-inevitable/" rel="noopener noreferrer nofollow">Dogecoin (DOGE) Analysis Mirrors Previous Bull Run Patterns: Is $3 Inevitable?</a>

ARB and MNT Approach Key Resistance Levels: Are Breakouts On The Horizon?

Table of Contents

CoinsProbe

Other articles published on Nov 25, 2024

Hong Kong's ZA Bank Launches Crypto Trading With BTC, ETH

If You Passed on the Crypto Boom, Qubetics Is Here to Change Your Game

Can SAND Sustain Its Bullish Momentum After a 37% Spike?

Cantor’s Howard Lutnick prepares to leave all companies, passes Tether deal to his son

Which AI Cryptocurrency Will Explode in 2024? Top Picks for Massive Growth

ZA Bank Becomes Asia’s First Bank to Offer Retail Crypto Trading: Report

Join our free newsletter for daily crypto updates!