- Mantle has jumped 20% in 24 hours amid a broader altcoin rally.
- The MNT token reached highs of $0.91 on Tuesday and could push toward $1 and test its all-time high of $1.51.
- The ecosystem’s growth underpins the overall bullish momentum.
The price of Mantle (MNT) rose more than 20% in the past 24 hours, climbing from lows around $0.72 to $0.91. This move is in line with rebounds seen across the altcoin market during the same period.
Notable gains for Mantle coincided with a 280% increase in daily trading volume to $622 million, while its market capitalization expanded to $2.96 billion. Several altcoins showed strong performance alongside Mantle, reflecting broader buying interest across the market.
Mantle surges 20% as altcoins recover
Mantle’s price action occurred amid a wider recovery in altcoins. A significant portion of the bullish momentum followed last week’s sell-off and was reinforced by regulatory clarity that eased investor concerns.
MNT also benefited from a strengthening network, where the total stablecoin market cap on Mantle climbed to $653 million. Total value locked (TVL) in DeFi on the protocol rose to $233 million, supported by increased activity across its ecosystem in recent weeks.
In addition, Mantle contributed 101,867 ETH—valued at over $388 million—to a strategic ETH reserve, a move that highlighted growing institutional support. New institutional inflows via initiatives such as Mantle Index Four and innovative solutions like the mETH Protocol for liquid staking have added further upside pressure to the token’s price.
Money is flowing into Mantle(@Mantle_Official) — stablecoin macp on Mantle has surged 22.85% in the past 7 days, reaching $653.51M.
Mantle (@Mantle_Official) is now listed on the Strategic ETH Reserve and contributes 101,867 $ETH($388M).
Meanwhile, $MNT is up nearly 25% today. pic.twitter.com/jIlfTQmNdL
— Lookonchain (@lookonchain) August 5, 2025
Mantle’s strong market momentum pushed MNT toward the psychological $1 level. The last time bulls held at or above that threshold was in February 2025, and current indicators suggest renewed interest at that price point.
Is Mantle poised to break to a new all-time high?
Recent price action has analysts eyeing bids above $1, with some foreseeing a breakout that could propel MNT beyond its record high of $1.51, first reached on April 8, 2024. Technical indicators on the daily chart display bullish signals that support a potential continuation higher.
The Relative Strength Index (RSI) sits around 66 and trending upward, signaling room for further gains before entering overbought territory. The MACD (Moving Average Convergence Divergence) points to a bullish crossover as the MACD line appears set to cross above the signal line, suggesting short-term bullish momentum.
Mantle is trading near the upper Bollinger Band at about $0.87, with price positioned above the midline and a potential support level around the lower band near $0.68. A decisive break above immediate resistance could confirm a bullish reversal and allow buyers to push MNT past $1 toward $1.40.
Confirmation from additional catalysts and sustained on-chain and institutional support would strengthen the bullish thesis. On the downside, a pullback could make $0.68 an important short-term support to watch, with deeper support near $0.55 if selling intensifies.