Mantle Defies Market Drop With 31% Weekly Surge as RWA Adoption and USD1 Deal Drive Demand

Mantle (MNT) is bucking the broader market downturn, leaping 4% each day and 31% weekly to commerce close to $2.44 after printing a brand new all-time high at $2.47 (Oct. 7).

The catalyst stack is evident: Mantle unveiled a compliance-first Real-World Assets (RWA) “Tokenization-as-a-Service” suite at Token2049, positioning the L2 as one of many few ecosystems constructing institutional-grade RWA rails.

Momentum accelerated as World Liberty Financial confirmed its USD1 stablecoin, presently the #6 stablecoin with $2.6 billion cap, will launch on Mantle, a credibility enhance for the community’s DeFi and funds footprint.

A deeper “Mantle × Bybit Roadmap” provides distribution as Bybit processes over $30 billion in each day quantity, providing Mantle on the spot visibility to a world buying and selling base.

Despite Profit-Taking, Volumes, Futures, and Liquidity Show Real Demand

Recently, Spot exercise has exploded as each day quantity climbed from $125M in early September to over $612 million, whereas market cap almost doubled to $7.3 billion, lifting Mantle into the highest 35. Derivatives affirm conviction, open curiosity rose 26% to $4.85 billion, and funding stayed constructive for almost two weeks.

On the chart, MNT invalidated a textbook bearish rising-wedge by breaking upward, then stacked short-term MAs above long-term, with a 50/200-day “golden cross” and a bullish MACD backdrop to match the narrative.

One yellow flag, “sensible cash” holdings slid 49% over 30 days to 18.1 million MNT (Nansen), implying selective profit-taking into energy. That doesn’t break the uptrend, but it surely does argue for disciplined threat administration and consideration to spot-led versus leverage-led pushes.

Key ranges: Can Mantle (MNT) Clear $2.60 and Open a Path to $3?

Technically, MNT’s construction stays constructive. Immediate help sits close to $2.00–$2.10 (watch the $2.09 hole); holding above retains the higher-low sequence intact.

Overhead, $2.60 is the following inflection and a psychological line within the sand; a high-volume each day shut above $2.60 would arrange a measured transfer towards $2.85–$3.00.

Failure to reclaim $2.60 on rising quantity raises the percentages of a reset into the $2.20s, the place bulls will attempt to defend momentum towards the backdrop of a softer crypto tape.

Why it issues: RWAs are transferring from narrative to implementation, and Mantle has planted a flag with compliance tooling, stablecoin depth (USD1), and CEX–L2 integration.

In per week the place majors wobbled, MNT’s breakout underscores the place capital is rotating: networks delivery product-market match, liquidity on-ramps, and institutional-friendly primitives. If the RWA pipeline and USD1 liquidity arrive on schedule, Mantle’s bid to maintain worth discovery above ATHs stays open.

Cover picture from ChatGPT, MNTUSD chart from Tradingview