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MNT/USD Shows Potential for 5-Wave Rally in 2025, Key Fib Levels
The crypto market is witnessing a surge in various altcoins, and the MNT/USD pair seems to be following suit. As the price of MNT continues to trend upwards, there are strong indications that it may embark on a massive rally in 2025.
One notable aspect of this development is the presence of a 5-wave Elliott wave pattern, which is a powerful indication of an upward price action. Furthermore, the chart suggests that this movement could be propelled by the breaking through key Fibonacci levels, specifically the resistance at $1.2439 and support at $0.7521.
Should the pair manage to secure a convincing breakout above $1.2439, it would likely trigger an exponential rise in value, targeting $3.4344. A successful breach of this level could pave the way for the price to skyrocket towards a staggering $8.57.
Fibonacci levels have been instrumental in determining the movement of the MNT/USD pair, marking them as crucial watch points for those looking to ride the rally. The present support at $0.7521 and resistance at $1.2439 are particularly noteworthy.
Source: https://cryptonewsland.com/mnt-usd-shows-potential-for-5-wave-rally-in-2025-key-fib-levels/
