- Mantle price rose 6% to above $1.04 as Bitcoin retested the $71,000 level.
- MNT had previously struggled to break out of a tight trading range.
- Network developments and the broader crypto market outlook could push MNT higher.
Mantle (MNT) is trading around $1.04 after gaining more than 6% in the past 24 hours, tracking a simultaneous surge in Bitcoin to over $71,000. Daily trading volume for MNT has jumped about 110% to over $130 million as the token ranks among the best performers within the top 100 cryptocurrencies by market capitalization.
MNT price surges amid crypto bounce
Today’s upside for MNT came as Bitcoin climbed past $71,000, with bulls capitalizing on continued inflows into spot BTC exchange-traded products. Positive sentiment around Bitcoin and growing expectations for spot Ethereum ETFs have helped lift risk-on assets across the market, contributing to the momentum behind Mantle.
Mantle’s rally has follow-through from earlier strength this year: the token surged more than 40% in March, cleared the $1 mark, and reached an all-time high above $1.50 in April. Listing on South Korea’s largest exchange, Upbit, supported liquidity and visibility, while Bitcoin’s broader parabolic move likely amplified demand for MNT. The launch of the Mantle Rewards Station also boosted investor interest and community engagement.
Mantle price – are bulls ready to run?
Despite the recent gains, MNT has faced resistance since falling below $1.40 in mid-April. Still, renewed activity in SocialFi and gaming decentralized apps (dApps) on Mantle, together with ecosystem incentives, leaves the token well positioned for another rally if market conditions remain favorable.
Mantle announced a $5 million ecosystem fund to support projects including MetaCene, Blade Games, Co-Museum and Fingerlabs. That fund aims to strengthen protocol development across lending, liquid staking, decentralized exchanges, yield strategies and real-world assets. The initiative appears to be driving increased protocol activity and developer interest on the chain.
On-chain data show the network’s Total Value Locked (TVL) has risen significantly over the past month. According to DeFiLlama, Mantle’s TVL stands at roughly $463 million, up from about $252 million in early May, reflecting growing capital deployment across the ecosystem’s protocols.
Technically, MNT’s daily price sits inside a key range defined by the Bollinger Bands. A bullish breakout above $1.10 could open the path toward retesting resistance near $1.26. However, momentum indicators such as the RSI and MACD indicate that bears are not yet fully sidelined. On a downside reversal, primary support levels to watch are $0.94 and $0.78.
In summary, Mantle’s recent gains reflect a mix of favorable market conditions, ecosystem development, and higher liquidity. Continued network growth and broader crypto market strength will be important catalysts if MNT is to sustain a move higher; conversely, a cooling market or loss of momentum could see the token revisit lower support zones.