Mantle Reaches All-Time High of $1.65, Up 65% in a Month

Mantle (MNT) Soars to New High

Mantle (MNT) hit an all-time high of $1.65 on September 11, marking an 18% increase in 24 hours, 46% over the past week, and 65% in the last month.
Market cap stands at $5.3 billion with a fully diluted valuation of $10.1 billion.
Growth is driven by the "MNT x Bybit 2.0" initiative, adding 21 new trading pairs against assets like ETH, SOL, ADA, and SUI.
Bybit's “HODL & Earn” campaign offers rewards from a 60,000 XUSD pool for Mantle holders.
Spot volume increased by 41% to $655 million; futures volume more than doubled to $268 million. Open interest rose to $203 million.

Mantle MNT Chart

Technical Indicators and Risks

Mantle remains above $1.60, supported by short-term moving averages.
The 10-day EMA is at $1.32, and the 20-day SMA is at $1.22, both trending upward.
Momentum indicators like MACD and Momentum are bullish; resistance levels could test $1.80-$2.00.
RSI above 70 indicates overbought conditions; CCI above 300 may signal pullbacks.
Bollinger Bands suggest potential high volatility ahead.

Future Prospects

Mantle's future depends on maintaining demand through Bybit’s expansion and omnichain integration via LayerZero.
Its role in DeFi is growing, with a rising TVL of $1.8 billion supporting a bullish outlook.
Analysts caution that profit-taking or market shifts could lead to corrections to support zones of $1.22–$1.36.
Investor confidence is strong, but sustainability of the rally is uncertain.