# FxWirePro- MNTUSD (Chart of the day) By Sheena Jordan Canonical URL: https://www.tokenpost.com/news/investing/11470 Published: 2024-03-28T09:51:02.000Z Updated: 2024-03-28T09:51:02.000Z Section: Investing > Mantle Network is an L2 scalability solution built on top of Ethereum. It is a technology stack for scaling Ethereum. Mantle Network has been built with a modular architecture that combines an optimistic roll-up proto… Mantle Network is an L2 scalability solution built on top of Ethereum. It is a technology stack for scaling Ethereum. Mantle Network has been built with a modular architecture that combines an optimistic roll-up protocol with an innovative data availability solution. MNTUSD has performed well after a long consolidation. Any daily close above $2 confirms further bullishness. MNTUSD prices surged more than 80% in the past five days. It hit a high of $1.3670 and is currently trading around $1.2860. The pair is holding above the short-term (21 and 55-day EMA) and above the long-term moving average (200-day EMA). The near-term resistance is around $1.50, any indicative breach above will take the pair to $2/$2.50. On the lower side, immediate support is $1, and any violation below targets $0.75/$0.50. Indicators ( 4- hour chart) Directional movement index - Bullish It is good to buy on dips around $1 with SL around $0.75 for TP of $1.50/$2. [TokenPost]() | info@tokenpost.com ## Links in this article - [TokenPost](https://www.tokenpost.com)