Mantle Price Up 5% Amid Community Engagement Event Announcements

Mantle's Performance Amid Market Downturn

Mantle (MNT) rose by 5% on September 15, despite broader market challenges.
The price increase coincided with announced community events, including "Mantle in Seoul" from September 22-25, aiming to connect builders and users.
On September 25, Mantle will participate in discussions on Web3 innovations and co-host an event with @SuccinctLabs.
While major cryptocurrencies like Bitcoin, Ripple (XRP), Solana (SOL), and Dogecoin (DOGE) faced losses, Mantle saw a trading volume increase of 42%.

Mantle price rises 5% despite crypto market downswing on Sept. 15 | Source: CoinMarketCap

Mantle Price Analysis

Currently trading at $1.65, maintaining support above $1.6.
The Relative Strength Index (RSI) is at 72, indicating overbought conditions but stable momentum.
A close above $1.65 could lead to a breakout towards $1.80, targeting $2.00 as psychological resistance.
Failure to hold $1.63 support may result in a correction toward $1.38.

Mantle (MNT) Technical Price Analysis | Source: TradingView

Snorter Presale Update

Mantle's rally has increased interest in projects like Snorter Bot, which offers low fees and fast execution on Solana.
The SNORT token presale is nearing its $4.4 million cap, having raised $3.9 million so far.