Mantle (MNT) Surges 30% to $2.20 Amid Rising Trading Volume
Mantle (MNT) has surged 30% in the past 24 hours, reaching $2.20 after a weekend low of $1.50. This rebound reflects renewed buyer confidence following last week's correction from record highs.
- Despite being below its all-time high of $2.84–$2.86, the recovery indicates bullish momentum potentially leading to another upward push.
- Trading volume increased over 60% to $1.2 billion, and futures open interest rose 9% to $269.7 million, indicating growing speculative demand.
Fundamental Catalysts
- Mantle's Tokenization-as-a-Service (TaaS) is attracting real-world asset issuers on-chain.
- The launch of USD1 stablecoin adds liquidity and utility to Mantle's DeFi network.
- Integration with Bybit enhances sustained order flow through treasury programs and listings.
- Modular design reduces costs and improves throughput for tokenization, trading, and payments.
Price Levels and Scenarios
- A close above $2.87 could lead to $3.00, with targets near $3.60 if volume and open interest continue rising.
- Support levels are at $2.50–$2.55 and $1.90–$2.00; losing these could mean a retrace toward $1.60–$1.75.
- As long as it holds the $1.90–$2.00 zone, the bullish structure remains intact, with targets at $2.87 and $3.00.