- Exchange listings on Coinbase and Bybit temporarily boosted the price of Mantle (MNT).
- MNT rebounded from a key support at $1.23 amid neutral technical signals.
- Strong growth in Total Value Locked (TVL) and stablecoin deposits support Mantle’s longer-term outlook.
The price of Mantle (MNT) dropped sharply over the past week, declining more than 19%. Today, however, the token saw a modest recovery, rising over 3% after several major exchange listings.
The central question for traders is whether this marks the end of the bearish correction or merely a pause within a larger downtrend.
Exchange listings halt weekly slide
MNT’s recent uptick follows strategic exchange integrations, most notably on Coinbase International and Bybit.
The launch of perpetual futures on Coinbase, together with Bybit’s EU Launchpool offering, injected fresh demand 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 interrupted the week-long decline, illustrating the power of exchange-driven liquidity to support token demand.
Despite this short-term relief, some traders took profits following the listings, contributing to an overall week-on-week drop of nearly 15%, as discussed across social channels.
Although exchange promotions can create sharp buying spikes, the sustainability of the recovery remains unclear, especially as futures open interest on Coinbase has fallen since the product launch.
Mantle (MNT) price analysis
Technically, Mantle rebounded from the 61.8% Fibonacci retracement around $1.14 after the 19% weekly decline.
Indicators show neutral momentum: the RSI sits near 55.48 while the MACD histogram is mildly bearish, implying room for short-term volatility.
Immediate resistance is around $1.40, close to MNT’s all-time high from April 2024. Failure to break above that level could allow bearish pressure to persist.
On the fundamentals side, Mantle’s Total Value Locked (TVL) has risen to $460.04 million, helped by its liquid staking solution mETH. mETH has become the fourth-largest liquid staking token, contributing significantly to the network’s overall TVL.
Stablecoin adoption on Mantle has also expanded, reaching a record $713.8 million—evidence of strong capital inflows and rising DeFi activity on the chain.
These technical and fundamental metrics suggest an underlying base of support for the token, even amid short-term corrections.
MNT price outlook
Looking forward, Mantle’s outlook balances cautious optimism with potential risks.
On the bullish side, the network’s institutional offerings—such as the MI4 fund with over $218 million in assets—indicate growing confidence from professional investors.
Continued adoption is likely to be supported by Bybit integrations, the beta release of the UR banking app, and Mantle’s planned transition toward zero-knowledge rollups, which aim to improve scalability and security.
Short-term traders should remain alert for profit-taking and watch the $1.23 support level closely. A decisive break below that level could open the door to further losses toward the 38.2% Fibonacci retracement near $1.12.
Overall, while exchange listings and rising TVL provide constructive signals, MNT still faces near-term hurdles and volatility as market participants reassess positions.