Potential Similar Patterns According to Analysts: Mantle (MNT) and Chainlink (LINK) Surge 2020

Jakarta, Pintu News – An anonymous crypto analyst, Inmortal, observed that the mid-cap altcoin, Mantle (MNT), showed a price pattern that resembled the consolidation of Chainlink (LINK) before its 3,797% surge in 2020. According to him, MNT has the potential to experience significant price movements in the near future.

Mantle Price Pattern Analysis (MNT)

Inmortal, via social media platform X to his 231,800 followers, expressed his confidence in MNT, the native asset of layer-2 scaling solution, Mantle. He highlighted that MNT appeared to mirror LINK’s consolidation from 2019 to 2020, which preceded LINK’s rise from $1.36 to $53, or roughly 3,797%.

According to Inmortal, many consider the bull market to be over, but there are coins like Mantle that have yet to make a move. He calls MNT a “conviction play”, indicating a strong belief in the altcoin’s potential.

Also Read: Gold or Bitcoin: Which is a Safe Investment Amid US-China Tensions?

Price and Exchange Rate Projections

Based on a chart shared by Inmortal, MNT is expected to reach a price of up to $6 by next year. With the current exchange rate of $0.66, this represents a potential upside of around 809%. If converted to rupiah at an exchange rate of 1 USD = IDR16,885, the current price is around IDR11,144, and the projected price reaches IDR101,310.

It should be noted that these projections are based on technical analysis and historical patterns, which do not guarantee future results. Investors are advised to conduct in-depth research before making an investment decision.

A look at Bitcoin (BTC)

In addition to MNT, Inmortal also gave his views on Bitcoin (BTC). He stated that BTC’s reaction at certain price areas will determine whether the asset will hit a new low in this cycle. Inmortal shared a chart showing that BTC may mirror the price action of 2022, where prices briefly rose above $45,000 before dropping to a bear market low of $16,000.

However, he emphasized that this bearish outlook would be invalidated if BTC manages to turn a key price level into support. At the time of writing, BTC is worth $87,355, or about Rp1,474,584,675.

Conclusion

Analysis from Inmortal shows that Mantle (MNT) has the potential to follow in the footsteps of Chainlink’s (LINK) price surge in 2020. However, as with all crypto investments, there are risks to consider. Investors are advised to conduct a thorough analysis and consider market factors before making an investment decision.

Also Read: Polkadot (DOT) Preparing to Surpass Resistance, Is it Time to Buy?

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Henry Kanapi / The Daily Hodl. Under-the-Radar Altcoin Flashing Same Setup That Preceded 3,797% Explosion for Chainlink, According to Analyst. Accessed April 24, 2025.
• Featured Image: Generated by AI