The cryptocurrency market is experiencing robust upward momentum as altcoins attract increasing attention amid declining Bitcoin dominance. Among the notable gainers, Arbitrum ($ARB ) and Mantle (#MNT ) are emerging as key focal points. Both tokens are approaching critical resistance levels, hinting at potential breakout scenarios that could define their near-term trajectories.
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Arbitrum (ARB): Testing Crucial Resistance
Arbitrum (ARB) has posted an impressive 8% gain today, pushing its price toward a key resistance zone between $0.83 and $0.96. Historically, this range has proven challenging for ARB to surpass, making it a pivotal point for the token’s future direction.
If ARB successfully breaks above this resistance zone, it could signal the beginning of a bullish trend. The next major target lies at $1.25, representing a 37% potential upside. This level is particularly significant as it aligns with historical retracement zones, potentially fueling further buying momentum.
Looking further ahead, ARB could aim for resistance levels at $1.78 and $2.26, which offer upside potentials of 114% and 135%, respectively. These levels correspond with previous market cycle peaks, suggesting substantial bullish potential if momentum continues.
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Mantle (MNT): Eyeing a Breakout
Mantle (MNT) has also captured attention, with a 4% daily gain driving its price toward the upper boundary of its key resistance zone at $0.87 to $0.97. This range has consistently acted as a formidable barrier for MNT, making a breakout a critical event for the token’s price trajectory.
If MNT clears this resistance, it could target $1.04, offering a 20% potential upside. This level represents a previous consolidation zone where significant trading activity occurred, reinforcing its importance.
Beyond $1.04, MNT could aim for $1.27 and $1.41, which correspond to 42% potential gains. These levels align with resistance points from earlier market cycles and could pave the way for further bullish continuation if breached.
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Market Outlook for ARB and MNT
Both ARB and MNT are at critical resistance zones, which could determine their near-term price movements. A successful breakout for either token would open the door to significant upside potential, attracting increased investor attention and bolstering bullish sentiment.
However, rejection at these resistance levels may trigger pullbacks, emphasizing the need for cautious trading strategies. Traders and investors should monitor these zones closely, as the next moves for ARB and MNT could set the tone for broader market trends in the coming weeks.
