$MNT Bulls Cost Previous $0.91, However Overheated RSI Warns of Consolidation

Mantle’s $MNT token jumped 15.6% to $0.91 as merchants piled into the Layer-2 community amid surging DeFi exercise.

Whereas the asset’s technical indicators present the transfer could also be overheating, the broader image reveals a community gaining severe traction. With main upgrades rolling out and key partnerships forming, Mantle seems to be hitting its stride at simply the fitting second in Ethereum’s scaling race.

Mantle Hits $2.95B Market Cap: Can It Overtake High L2s?

Mantle is a modular Layer-2 scaling resolution for Ethereum, constructed on Optimistic Rollups and built-in with EigenDA to reinforce information availability and safety.

Since its mainnet launch in July 2023, Mantle has rolled out OP-Stack upgrades, together with meta-transactions and payment optimizations, and launched the Mantle Ecofund, allocating $200 million for developer grants to drive DeFi, gaming, and AI innovation.

As a utility and governance token, $MNT pays for transaction charges and on-chain voting and presently has a market cap of greater than $2.953 billion.

A flurry of partnerships and product launches has put Mantle Community squarely within the highlight in the previous couple of months.

Since its February 2025 integration with Chainlink Scale, Mantle has operated stay Information Feeds and Information Streams on mainnet, permitting decentralized oracle information at excessive throughput for good contracts.

Below the hood, Mantle’s technical structure has made strides in each throughput and safety.

In March 2025, Mantle turned the primary main L2 to totally combine EigenDA, increasing its information availability operators from simply 10 to over 200 and slashing belief assumptions in favor of financial safety.

Gaming and DeFi initiatives proceed to flock to the platform: the April Video games Fest spotlighted HyperPlay titles, whereas AI-driven platforms like Humorous Cash and cross-chain swaps through Bungee have gone stay as a part of a broader push to make Mantle a real “liquidity chain.”

In April, Mantle launched the Mantle Index 4 (MI4)—a $400 million, Securitize-backed institutional fund that tokenizes a diversified basket of Layer 1 and Layer 2 property through on-chain minting and redemption mechanics.

These upgrades reveal a dedication to “progressive decentralization,” marrying excessive throughput with cryptographic ensures.

On the incentives entrance, Mantle has saved customers engaged with common reward campaigns.

June’s Yapperboard Problem Part 2 doled out 50,000 MNT in weekly Discord rewards, and July 8 kicked off the $1.2 million MNT Reward Booster Season 3—locking MNT permits customers to earn proportional shares of the prize pool by means of time-weighted snapshots.

This spurred additional on-chain exercise, reflecting sturdy adoption: Q1 2025 recorded about 650,000 every day energetic customers and over 30 million transactions, in line with Mantle’s personal progress assessment, exhibiting a vibrant developer and consumer base.

DeFi TVL stands at $233 million, up 2.4% in 24 hours, whereas bridging TVL exceeds $1.7 billion.

As Mantle pushes towards its v2 roadmap with ZK proofs and expanded DA bridges, the approaching months are anticipated to be one other proving floor for this fast-moving Layer 2.

Mantle Breaks Out Above $0.91, However Aggressive Sellers Return Close to Session Highs

$MNT has prolonged its upward streak on the again of sustained demand, pushing to a excessive of $0.9207 earlier than retreating barely. What’s fascinating with this transfer is the shift in quantity dynamics throughout the 1-hour footprint and the way the worth responded to it.

Throughout the early part of the session, purchase quantity rose aggressively between $0.8650 and $0.8800 with supportive deltas in extra of 600K, which is indicative of dedicated spot and perpetual patrons lifting gives throughout a number of worth ranges.

This laid the groundwork for the impulsive transfer towards the $0.91 zone.

Nevertheless, the character modified within the closing two candles. The amount footprint confirmed that whereas whole traded quantity exceeded 3.9 million within the final hour, delta flipped sharply damaging to -1.07M.

This goes past passive distribution; it was extra of a direct promoting into bids after a vertical rise. Such conduct typically implies profit-taking or renewed provide coming into the market, particularly when it coincides with key spherical numbers like $0.9200.

The 4-hour worth chart backs up the energy of the rally, as $MNT pushed nicely above its 20, 50, and 100 SMAs, all now stacked in correct bullish order.

The asset’s worth has damaged out of a falling construction and left behind a V-shaped restoration. That mentioned, the RSI is approaching overheated territory, studying at 73.81, which traditionally warns of potential pause or pullback.

The MACD stays supportive of development continuation, with the strains widening and histogram constructing upwards, but it surely’s already prolonged.

Momentum stays sturdy total, but it surely’s price noting the shift in effort versus end result. Patrons needed to expend extra quantity to push the worth just some cents greater towards the shut. Until contemporary demand steps in above $0.9150, the chance of a neighborhood pullback grows.

$MNT’s worth could revisit the $0.8800–$0.8850 space once more to check whether or not latest patrons are prepared to reload. In the event that they do, the best way towards $0.94 stays open. If not, we may see right now’s excessive as a short lived ceiling.

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