Mantle and Stellar Surge on Ecosystem Moves and Ripple SEC Resolution

Mantle (MNT) and Stellar (XLM) have both made significant gains in recent trading sessions, signaling renewed interest in the altcoin sector. Mantle surged over 20% in the last 24 hours, reclaiming the $1 level amid a 134% spike in trading volume. Meanwhile, Stellar rose by 16%, driven by optimism following the resolution of the Ripple vs. SEC lawsuit, which has alleviated regulatory concerns for cross-border payment tokens [1].

The MNT rally appears to be fueled by strategic initiatives from key ecosystem partners. Bybit co-founder Ben Zhou has outlined a vision for a “Mantle Network 2.0,” emphasizing greater collaboration between Bybit, Mantle, and other blockchain ecosystems to accelerate infrastructure development [1]. Technically, MNT is trading in a rising wedge pattern and above the midline of the Bollinger Bands, with the RSI nearing the overbought zone at 74.98. If MNT successfully breaks out of the wedge on strong volume, the token could target $1.20 in the near term, though short-term pullbacks remain possible [1].

Stellar’s gains are being driven by both regulatory and technical factors. The XLM price has surged amid a 260% jump in trading volume, a direct consequence of the Ripple vs. SEC case reaching a conclusion. This development has reduced legal uncertainty for tokens similar to XLM, encouraging traders to rotate capital into lower-risk altcoins [1]. Additionally, the recent ‘Protocol 23’ upgrade has added to the token’s appeal. Technically, XLM is attempting to break out of a widening wedge pattern, with price reclaiming levels near $0.46. Momentum indicators such as the MACD and Chaikin Money Flow suggest improving buying pressure, and if XLM sustains its move above $0.46, the next target is $0.50, with $0.54 as a further extension [1].

The coordinated rise in MNT and XLM has sparked speculation about a broader altcoin rally. As Bitcoin remains near $116,000—approximately 6% below its all-time high—investors are closely monitoring its market dominance for signs of a shift toward altcoins [1]. Analysts have offered bullish forecasts for the altcoin market, with one top analyst suggesting the potential for a $5 trillion market cap [1]. These developments indicate that traders are increasingly looking to altcoins for growth opportunities as larger market participants continue to evaluate risk and reward across the crypto landscape.

Source: [1] Altcoins Surge Today: Mantle, Stellar Price Surges (https://coinedition.com/altcoins-surge-today-mantle-stellar-price-surge/)