MNT posts a small gain but remains below key moving averages
BROBROK News · Based on reporting by DiarioBitcoin ·
MNT rose 0.21% on the day and volume was slightly above its 30-day average, but the token still trades below the moving averages cited in the report. Technical readings remain weak, with RSI at 33.8 and MACD still bearish, while the area near $0.467 is the closest immediate support reference.
Key points
- MNT was priced at $0.4750497, up 0.21% on the day
- Daily volume was 2.65% above the 30-day average
- RSI at 33.8 and MACD indicate persistent selling pressure
- Immediate support is near $0.467 based on the day’s low and Fibonacci levels
- No specific data was provided on adoption, derivatives, or on-chain activity
Why it matters
For crypto investors, the report suggests that a modest daily rebound does not yet alter the broader trend. Without confirmation from price and volume, the move may remain a short-term bounce within a weak technical setup.
Original headline: “MNT el 2 de noviembre: rebote marginal frente a una tendencia bajista”
Read the original on DiarioBitcoin
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.