Mantle’s Price at Crucial Support Level: What’s Next for MNT?
Mantle’s price hovers at $1. Can MNT break through key resistance and reach new highs? Find out more
Highlights:
•
Mantle (MNT) price tests $1 support level, signaling potential bullish momentum ahead.
•
Key metrics show positive signs, including active addresses and growing total value locked.
•
MNT faces resistance at $1.16-$1.45 zone, with a potential target of $1.51.

Mantle—MNT, a layer 2 scaling solution for Ethereum, recently tested the critical $1 mark. This came as Bitcoin and Ethereum faced steep losses, dragging down many altcoins. Despite the turmoil, MNT held strong. As the price stays around $1, traders are wondering if Mantle can maintain this support or if further drops will follow.
Analyzing MNT's Recent Gains
MNT rose by 4%, reaching $1.06 in the last 24 hours. This came as both Bitcoin and Ethereum struggled to hold value. Even amid liquidations, MNT remained above $1. This signals potential for upward movement.
If MNT can sustain this support, a run toward its all-time high of $1.51 is possible. Technical indicators also suggest a positive outlook. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) show growing buyer interest.
Key Network Metrics and Growing Community Support
Despite liquidations over $43,000 in long positions, open interest for MNT stands strong, with $33 million in open positions. This points to investor confidence.
Mantle’s total value locked (TVL) is another encouraging factor.
Mantle’s total value locked is currently above $500 million, not far from its peak of $708 million reached in July 2024. A high TVL reflects strong support from the community, especially in decentralized finance (DeFi) protocols.
Active and new addresses are also increasing as MNT’s price climbs from $0.95 to $1.06. With over 69% of holders now in profit, Mantle faces its next resistance zone between $1.16 and $1.45. Watch this range closely for signs of further price movement.
Related news
Subscribe To
Web3Buzz
Connecting you to the world of Web3
Related News
People also like to read
Latest News