The Mantle (MNT) price is showing signs of recovery after a period of slow, controlled trading. The token has moved back above the $1.03 mark, following a dip to $0.86, indicating renewed buyer interest.
This resurgence coincides with significant ecosystem developments. Mantle has enhanced its institutional standing by securing regulated custody with Anchorage Digital, launched a tokenized money market fund in collaboration with DMZ Finance and Bybit, and witnessed ApeX Protocol's integration of Chainlink Data Streams for real-world asset (RWA) perpetuals.
These advancements underscore Mantle's growing influence as a Layer-2 solution, even within a subdued market. Investors are now closely observing whether this upward momentum can be sustained.
MNT Chart Analysis
The 4-hour chart historically depicts a downtrend initiated in late October when MNT was trading near $1.80. Since then, the price has generally declined, marked by lower highs and lower lows.
However, the bounce observed last week from the $0.86 level has altered the short-term sentiment. This level proved to be strong support, triggering the current recovery phase.
Currently, the Mantle price is fluctuating around $1.03. The initial resistance for buyers is situated between $1.10 and $1.15, a zone that previously capped price increases earlier this month. A successful breach of this area could pave the way for MNT to target the $1.25 level.
Conversely, $0.95 serves as the immediate support level. A failure to hold this support could lead to a retest of the $0.86 level, which is critical for Mantle to defend. The current price structure suggests a cautious recovery rather than a definitive trend reversal.
Market Indicators
Relative Strength Index (RSI): The RSI has recovered from oversold territory and is now positioned in the mid-range, indicating improving momentum without signs of overheating.
Moving Average Convergence Divergence (MACD): The MACD is showing a positive turn, which lends support to the current short-term bounce.
Open Interest: Open interest remains stable at approximately $92 million, suggesting that traders are not yet engaging in aggressive leveraged positions.
Net Shorts vs. Net Longs: Net short positions still slightly outweigh net long positions, indicating that the market is not fully convinced of a significant breakout. Collectively, these indicators suggest market stabilization rather than strong bullish sentiment.
MNT Price Short-Term Outlook This Week
For the current upward movement to continue, buyers must successfully overcome the resistance zone between $1.10 and $1.15. A decisive breakout above this range could potentially propel the price towards the $1.20–$1.25 targets, with strong trading volume serving as a key confirmation.
Should momentum falter, the MNT price might retreat to the $0.95 support level. A breach of this level could lead to a further decline back towards $0.86, a support level that has demonstrated its significance.
Given that Bitcoin and Ethereum are currently trading sideways, Mantle may also experience a period of steady movement until the broader cryptocurrency market establishes a clear direction.
At present, the Mantle price appears stable, supported by recent institutional product launches, RWA momentum, and tangible development progress within the ecosystem. While the chart does not signal an imminent breakout, it does display positive signs after weeks of downward pressure. Continued buyer follow-through is essential.