Key Insights:
- •Mantle ($MNT) holds above $2.00 support, confirming a strong breakout and continued bullish momentum.
- •Rising volume and steady uptrend suggest buyers targeting the next resistance zone between $2.30–$2.50.
- •MOE DEX on Mantle shows an undervalued ratio versus peers, drawing attention to ecosystem growth potential.
Mantle (MNT) continues to strengthen after breaking through its recent resistance zone. The token is trading near $2.16, with a 24‑hour trading volume of $288.6 million. Over the past week, the price has climbed 17.26%, reflecting consistent buying activity.
Market analyst Alpha Crypto Signal noted,
“$MNT is breaking out of its ascending channel, signaling strong bullish momentum.”
The chart shows the token moving firmly above its midline and 9EMA, with volume rising during the breakout. The structure of higher highs and higher lows that started in July remains intact.
The key area between $1.90 and $2.00 continues to act as support. Holding this zone keeps the breakout setup valid, with the next resistance targets around $2.30 to $2.50. A daily close below support would weaken the current pattern, but price action still favors buyers for now.
Technical Structure Points to Upward Continuation
MNT has traded within an ascending channel for several months, showing steady accumulation along the midline. The recent move above the upper boundary indicates a potential continuation phase. The 9EMA and 50SMA remain upward‑sloping, reflecting sustained trend strength.
If price consolidates above the $2.00 mark, short‑term traders may look for continuation signals toward the upper range near $2.50. However, a close back inside the channel could shift momentum back to neutral.
Market Focus Shifts to Mantle Ecosystem and MOE
Interest in the Mantle ecosystem has increased following attention on MOE, its decentralized exchange.
STILL K.A.P.O wrote,
“Expecting repricing imminent. Bybit back MANTLE.”
The post pointed to MOE’s low valuation compared with other DEXs relative to their parent chains.
Based on available data, Mantle’s chain is valued at $6.3 billion, while MOE’s DEX valuation is $13 million, representing about 0.21 % of Mantle’s total. By comparison, Uniswap on Ethereum sits near 1 %, PancakeSwap on BNB at 1 %, and Jupiter on Solana at 1.13 %. The lower ratio suggests potential room for growth if network adoption expands.
Outlook Remains Positive Amid Rising Activity
With volume increasing and trend structure holding firm, traders are watching the $2.30–$2.50 area for the next move. If momentum continues above support, the rally could extend further.
For now, MNT’s chart structure, steady trading interest, and growing ecosystem activity suggest that bullish momentum remains in control while the market tests higher levels.