- ETH has surged 27% over the past three weeks while major tokens show recovery signs, with Virtuals Protocol (VIRTUAL) gaining 67% weekly after multiple resistance breakouts.
- Mantle (MNT) posted a 5% weekly gain and is displaying a similar harmonic fractal setup to VIRTUAL's recent breakout pattern, suggesting potential upside momentum.
- MNT has broken above its 50-day moving average and is trading near $0.7490, mirroring VIRTUAL's position before its 150% rally to complete a bullish cypher pattern.
- If MNT follows VIRTUAL's fractal behavior, potential targets include the 0.786 Fibonacci level at $1.02 (36% gain) and 1.0 Fibonacci level at $1.12 (50% upside).
Date: Fri, April 30, 2025 | 11:50 AM GMT
In the cryptocurrency market over the past three weeks, the price of ETH has surged by 27%, and major tokens are starting to show signs of recovery after enduring sharp corrections since the start of the year. Among them, Virtuals Protocol (VIRTUAL) has come into the spotlight with an impressive weekly gain of 67%, fueled by multiple resistance breakouts on the daily timeframe.
Meanwhile, the Mantle (MNT) is also back on the green track with a 5% weekly surge and is flashing a similar setup to VIRTUAL’s recent breakouts, suggesting that a short-term rally could be just around the corner.
MNT Mirrors VIRTUAL’s Fractal
As shown in the left chart, VIRTUAL recently experienced a bullish rally by completing the CD leg of its bullish cypher pattern. It surged by over 150% after breaking through its 50-day moving average (highlighted with a circle), recovering fully to the X point around $1.49.
On the right side of the chart, MNT appears to be closely mimicking the same harmonic fractal. The token has just broken above its 50-day MA and is now trading near $0.7490—almost identical to where VIRTUAL was before its strong breakout.
If MNT continues to track VIRTUAL’s fractal behavior, the next major target is the 0.786 Fibonacci level at $1.02. That marks a potential 36% gain from the current price. If bulls manage to break that level cleanly, the next resistance lies at the 1.0 Fibonacci level around $1.12, representing nearly 50% upside.
What’s Ahead?
With MNT now above its 50-day MA and printing higher lows, bullish momentum is building. The harmonic setup is nearly identical to VIRTUAL’s, suggesting that MNT may just be at the start of its own breakout leg.
However, traders must be cautious. While harmonic patterns like these can be powerful, they are not guaranteed. Failure to hold the 50-day MA could invalidate the bullish outlook. A daily close back below $0.70 would be the first warning sign.
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