Mantle: A 40% Rally That Started With This Elliott Wave Forecast

On August 18, EWI’s Jason Soni highlighted a potential turning point in Mantle. What happened next made this forecast worth revisiting.

In the fast-moving cryptocurrency market, a correction can look like the beginning of a much larger decline.

But sometimes, that same correction can offer an opportunity.

On August 18, 2026, during a live Crypto Junctures webinar, Elliott Wave International analyst Jason Soni highlighted an interesting setup developing in Mantle (MNT).

Mantle had rallied from approximately $0.387 to $0.467 before beginning to pull back.

Jason’s Elliott wave analysis suggested that the advance had unfolded in five waves, while the subsequent decline appeared to be developing as a three-wave correction.

That distinction was important.

If his interpretation was correct, the correction could set the stage for another advance.

And Jason had a specific price area in mind, he told subscribers:

“I’d like to see support found somewhere around 41 to 42 cents”

His chart identified two important Fibonacci levels near that area: $0.4174 and $0.4206.

The analysis also outlined ways traders could approach the opportunity, including waiting for the corrective pattern to finish or for additional evidence of a reversal.

Jason explained:

“If that unfolds the way I suspect, then it will offer a bullish opportunity for further upside.”

He added:

“It’s certainly one of the better setups that I’ve noticed.”

So, what happened next?

Can you say, “Bull’s-eye”?

By August 31, Jason’s follow-up chart showed just how closely Mantle had followed the anticipated path — finding support near $0.42 before rallying approximately 40%.

What makes this example noteworthy isn’t simply the size of the move.

Jason had identified a potential turning point in advance, provided subscribers with specific price levels to watch, and outlined ways to approach the opportunity while managing risk.

That’s the kind of forward-looking analysis subscribers receive through Crypto Junctures.

What Opportunities Are Developing in Crypto Now?

Mantle is one example of how Elliott wave analysis can help identify potential turning points in cryptocurrency markets.

Through Crypto Junctures, EWI’s analysts continually examine developing price patterns across Bitcoin, Ethereum and other cryptocurrencies, looking for emerging trends, potential reversals and trading opportunities.

And as Jason’s Mantle analysis demonstrates, sometimes the most interesting opportunities emerge while prices are still correcting.

See What Our Crypto Analysts Are Forecasting Now

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