Mantle (MNT) Surges 130%, Hits All-Time High Amid Bullish Sentiment
Mantle's price has surged 20% today, reaching an all-time high of $2.84 and achieving a monthly gain of 130%. This positions Mantle ahead of top altcoins like BNB in terms of returns.
Mantle Price Momentum
- Today's rally saw trading volumes increase by 75% to $840 million, indicating strong bullish sentiment.
- MNT futures open interest increased by 14.11%, totaling $487 million, as per CoinGlass data.
- Technical analysis shows MNT has broken out from an ascending channel and maintained support above $1.90–$2.00, extending its rise to $2.87.
- Analyst Ali Martinez predicts further gains with a target price of $3.60.
Factors Driving the Rally
- Mantle's expansion into real-world assets (RWA) is a significant driver, with the introduction of Tokenization-as-a-Service (TaaS) at Token2049.
- The launch of the USD1 stablecoin on Mantle's network, backed by Trump family's World Liberty Financial, supports this momentum. USD1 ranks as the sixth-largest stablecoin with a $2.6 billion market cap.