Mantle Price Surges 55% as On-Chain Activity Spikes 20x

Mantle (MNT) has recently attracted heightened attention from traders and analysts due to its impressive price momentum and growing on-chain activity. Over the past month, MNT has surged 55%, with daily active addresses increasing by 20x, according to Crypto Rand. This surge has been accompanied by a significant rise in trading volume, which spiked 274% to $483.63 million in 24 hours as the price climbed to $0.8701 [1].

The recent price action suggests a potential breakout scenario, as the token has moved above a long-term bearish trendline. Analysts note that MNT is now trading near $0.75, forming higher lows that indicate a strong bullish setup. Immediate support is seen between $0.69–$0.70, with a secondary support level near $0.63 [2]. On the upside, key resistance levels are located at $0.95–$1.00, followed by $1.15 and $1.30. A breakout above $1.30 could signal a path toward $1.50–$1.70, approaching previous highs [1].

Volume data reinforces the bullish momentum, showing significant spikes during upward price moves. According to Artemis, daily active addresses have risen to approximately 145,000, a 799% increase over the past month. This reflects real network usage and supports the idea that MNT’s price surge is backed by genuine adoption, not just speculative activity [3].

From a market narrative perspective, MNT’s growth is being driven by its expanding real-world asset (RWA) exposure and its role in bridging decentralized finance (DeFi) with traditional finance (TradFi). These factors position Mantle as a key player in broader crypto trends that are gaining traction among both institutional and retail investors [1].

Despite the positive technical indicators and increasing on-chain activity, analysts caution that MNT’s projected price levels remain speculative and are based on technical analysis rather than fundamental improvements. Investors are urged to conduct further due diligence and remain mindful of the inherent volatility in the crypto market [5].

As MNT continues to consolidate and test key resistance levels, traders will be closely watching for confirmation of a sustained bullish breakout. If the price holds above $0.70 and successfully breaches the $0.95–$1.00 range, it could signal the next phase of growth for Mantle.

Sources:

[1] Expert Eyes Mantle (MNT) Price for a Potential Breakout – Here’s Whats The Charts Reveal (https://captainaltcoin.com/expert-eyes-mantle-mnt-price-for-a-potential-breakout-heres-whats-the-charts-reveal/)

[2] Mantle (MNT) Price: Can This Layer-2 Token Break $1 (https://coincentral.com/mantle-mnt-price-can-this-layer-2-token-break-1-following-40-rally/)

[3] Expert Eyes Mantle (MNT) Price for a Potential Breakout – Here’s Whats The Charts Reveal (https://coinmarketcap.com/community/articles/6893bc4cb7ad346624ff6df7/)

[5] Mantle price outlook as MNT gains momentum with 20% spike (https://coinjournal.net/mantle-price-outlook-as-mnt-gains-momentum-with-20-spike/)