Mantle (MNT) Hits New All-Time High After 35% Daily Jump, Can Momentum Push Beyond $3?

Mantle (MNT) has reignited its bullish momentum, surging 30% previously 24 hours to reclaim the $2.20 stage after dipping as little as $1.50 over the weekend. The swift rebound underscores renewed purchaser confidence following final week’s sharp correction from file highs.

While MNT stays beneath its $2.84–$2.86 all-time high, the sturdy restoration suggests bulls are regaining management, probably setting the stage for one more push towards the higher vary if momentum holds.

Spot exercise exploded, with day by day buying and selling quantity up greater than 60% to about $1.2 billion, whereas futures open curiosity climbed 9% to $269.7 million, a sign that speculative demand is accelerating alongside spot shopping for.

Fundamental Tailwinds: RWAs, Stablecoin Liquidity, and Exchange Distribution

Beyond the chart, Mantle’s rally is grounded in clear catalysts. The community’s Tokenization-as-a-Service (TaaS)stack is pulling real-world asset issuers on-chain, whereas the launch of USD1, a brand new stablecoin constructing on Mantle, is injecting recent liquidity and utility into its DeFi rails.

Distribution is one other edge: Mantle’s deepening Bybit integration (treasury packages, listings, and roadmap alignment) is funneling sustained order stream, not simply one-off hype.

Analysts additionally spotlight Mantle’s modular design (execution on Mantle with EigenDA for information availability and OP-stack upgrades) that lowers prices and improves throughput, necessary for tokenization, buying and selling, and funds use circumstances.

Can Mantle (MNT) Bulls Clear $3? The Levels and Scenarios

Momentum favors additional upside as a decisive shut above $2.87 may open the door to $3.00, with prolonged targets close to $3.60 if quantity and open curiosity proceed to rise.

On the draw back, $2.50–$2.55 is preliminary intraday assist, adopted by the must-hold $1.90–$2.00 zone; shedding that might threat a deeper retrace towards $1.60–$1.75 the place consumers final reloaded. For now, breadth (spot + derivatives), rising participation, and a decent, orderly development argue for development continuation quite than a blow-off prime.

Technically, MNT’s clear breakout above $2.00 was adopted by sturdy follow-through and a gentle collection of upper lows. As lengthy as value holds the $1.90–$2.00 demand zone, the bull construction stays intact, with merchants eyeing $2.87 (current high) and the psychological $3.00 mark subsequent.

Cover picture from ChatGPT, MNTUSD chart from Tradingview