- Exchange listings on Coinbase and Bybit temporarily lifted the price of Mantle (MNT).
- MNT’s price rebounded from a key support at $1.23 amid largely neutral technical signals.
- Strong TVL growth and expanding stablecoin adoption support Mantle’s longer-term outlook.
The price of Mantle (MNT) has experienced significant downward pressure over the past week, falling by more than 19%.
However, the token saw some relief today, rising by over 3% following several major exchange listings.
Traders now face the question of whether this marks the end of the correction or is simply another brief rebound within a broader downtrend.
Exchange announcements halt weekly decline
MNT’s recent uptick followed strategic exchange integrations, most notably on Coinbase International and Bybit.
The launch of perpetual futures on Coinbase, together with Bybit’s EU Launchpool campaign, brought fresh buying momentum to the market.
Bybit alone accounts for roughly 37% of MNT’s daily trading volume, and its VIP incentives and a prize pool of 250,000 USDT encouraged retail participation.
These listings temporarily checked the weekly decline, demonstrating how exchange-driven liquidity can support token demand.
Despite the short-term bounce, some traders quickly took profits after the listings, contributing to a continuing week-over-week drop of nearly 15%, according to recent social media commentary.
Although exchange campaigns can trigger sharp short-term purchases, the sustainability of this rally remains uncertain, particularly after open interest in Coinbase futures declined following the launch.
Mantle (MNT) price analysis
From a technical perspective, Mantle has rebounded from the 61.8% Fibonacci retracement near $1.14 after the 19% weekly sell-off.
Indicators show mostly neutral momentum: the RSI sits around 55.48 and the MACD histogram is slightly bearish, implying scope for short-term volatility.
Immediate resistance is close to $1.40 — near MNT’s highs from April 2024 — and failure to clear this level could maintain downward pressure.
On the fundamental side, Mantle’s ecosystem strength is evident in rising Total Value Locked (TVL), which has climbed to $460.04 million, fueled in part by its liquid staking solution mETH. mETH has become one of the largest liquid staking tokens, contributing to $1.69 billion in TVL across related protocols.
Stablecoin adoption on Mantle has also expanded materially, reaching a record $713.8 million, underscoring strong capital inflows and heightened DeFi activity on the network.
These technical and fundamental factors point to underlying support for the token even amid near-term corrections.
MNT price outlook
Looking ahead, Mantle’s prospects balance cautious optimism with risks.
Institutional products tied to the network — such as the MI4 fund, which holds over $218 million in assets — reflect growing confidence from professional investors.
Further adoption may come through continued Bybit integrations, the rollout of the UR bank app, and Mantle’s move toward zero-knowledge rollups aimed at improving scalability and security.
Short-term traders should remain alert to profit-taking dynamics and watch the $1.23 support level closely. A decisive break below that mark could open the door to further declines toward the 38.2% Fibonacci retracement near $1.12.