- Exchange listings on Coinbase and Bybit temporarily lifted the price of Mantle (MNT).
- MNT’s price bounced off a key support at $1.23 after neutral technical signals.
- Strong TVL and stablecoin growth support Mantle’s long‑term outlook.
The price of the cryptocurrency Mantle (MNT) fell sharply over the past week, dropping by more than 19%.
Today the token saw some relief, rising more than 3% following several major exchange listings.
Traders now debate whether this marks the end of the bearish correction or is simply another brief interruption in a downward move.
Exchange listings halt the weekly decline
MNT’s most recent price uptick followed strategic exchange integrations, notably on Coinbase International and Bybit.
The launch of perpetual futures on Coinbase, coupled with Bybit’s EU Launchpool offering, injected fresh momentum into the market.
Bybit alone accounts for roughly 37% of MNT’s daily trading volume, with VIP incentives and a prize pool encouraging retail participation.
These listings temporarily halted the week’s decline, illustrating how exchange-driven liquidity can boost token demand.
Despite the short-term relief, some traders have already taken profits following the new listings, contributing to an almost 15% week‑on‑week drop that has been noted in recent social media commentary.
While exchange campaigns can trigger rapid buying, the sustainability of this recovery remains uncertain, especially as open interest in Coinbase futures diminished after launch.
Price analysis of Mantle (MNT)
Technically, Mantle bounced from the 61.8% Fibonacci retracement near $1.14 after the 19% weekly decline.
Indicators such as an RSI around 55.48 and a slightly bearish MACD histogram point to neutral momentum with room for short‑term volatility.
Immediate resistance sits near $1.40, close to MNT’s April 2024 highs; failure to break above that level could sustain bearish pressure.
Looking at the broader Mantle ecosystem, Total Value Locked (TVL) has risen to $460.04 million, driven by its liquid staking solution mETH, which has become the fourth largest liquid staking token with $1.69 billion in associated TVL.
Stablecoin usage on the Mantle network has also climbed significantly, hitting a record $713.8 million, highlighting strong capital inflows and growing DeFi activity.
These technical and fundamental factors suggest underlying support for the token, even amid short‑term corrections.
Price outlook for MNT going forward
The outlook for Mantle (MNT) balances cautious optimism with prudence.
On the bullish side, institutional products tied to the network—such as the MI4 fund with over $218 million in assets—indicate rising confidence from professional investors.
Further adoption is expected through continued Bybit integrations, the beta launch of the UR bank app, and Mantle’s move toward zero‑knowledge rollups aimed at improving scalability and security.
Short‑term traders should remain mindful of profit‑taking dynamics and the risk of breakdowns below the $1.23 support level, which could trigger further declines toward the 38.2% Fibonacci retracement near $1.12.