MEXC, Mantle Network Launch $1M Trading Campaign, MNT Price Volatile

MEXC exchange, a prominent global trading platform, has joined forces with Mantle Network (MNT) to launch a highly anticipated month-long trading campaign. This event, which runs from March 31 to April 30, 2025, offers up to $1 million in rewards to participants, providing traders with an opportunity to maximize their profits while engaging with the Mantle network.

The campaign, which began today, includes several benefits designed to cater to both novice and experienced traders. Users can enjoy zero trading fees on MNT Spot and Futures markets, eliminating trading costs. For stakers, MEXC is offering an impressive 500% Annual Percentage Rate, one of the highest rates available in the market. Additionally, participants can earn MNT tokens through the Launchpool program by staking MNT, USDT, or MX. Investors will simply need to stake these tokens to earn MNT tokens during the Launchpool.

The event will also feature a Deposit & Trade campaign, ideal for newcomers with low entry thresholds. A Futures Trading competition for veteran traders is also planned, allowing participants to showcase their trading expertise and win a share of the $300,000 prize pool. Furthermore, the MEXC exchange has enhanced its referral program during this event, offering up to 300 USDT for each referral.

As a pioneering L-2 solution on Ethereum, Mantle uses Optimistic Rollup technology to lower transaction costs and improve network performance. This collaboration highlights the MEXC exchange’s leadership in supporting innovation in blockchain technology and providing the best experience for investors. These developments come days after the Mantle network was adopted by World Liberty Financial, a prominent institution.

MNT commenced trading on March 31, 2025, at $0.8053, continuing its downtrend from the previous day. As the Relative Strength Index (RSI) reached oversold conditions, a trend reversal was anticipated. A golden cross formed on the Moving Average Convergence Divergence (MACD), and MNT soon started rising, reaching $0.8150 by 3:05 UTC. The price then dipped slightly, finding resistance at $0.8128. With a death cross signaling a price decline, MNT fell to $0.807. As the Exponential Moving Averages (EMAs) continued to interact, MNT tested the resistance again but failed to surpass it. The range-bound behavior continued until 13:00 UTC. Finally, at 13:15, a death cross led to a downward breakout, as MNT dove to $0.7894, with strong support at $0.790.

With the RSI indicating heavily oversold conditions, a trend reversal commenced, supported by a golden cross. However, Mantle soon encountered strict resistance at $0.7969. With a slow downtrend, MNT rebounded to the resistance but again failed to break through. A downtrend began, validated by the almost overbought RSI, as Mantle slumped to $0.7727 by 4:30 UTC on March 31. Oversold conditions prevailed as Mantle attempted to bounce back, but with some fluctuation, faced rejection at $0.7846, dropping down to find support at $0.769. As of the time of publishing, MNT was seen at $0.7801, attempting to test the resistance.

As the MEXC MNT collaboration event commences, MNT is expected to see increased network activity. This could bring positive news for MNT. However, for now, MNT seems to periodically abandon support after testing resistance a few times. Given this, the MNT price today looks set to breach the $0.769 support and seek positive movement as the event gains momentum. The outcome of the event will significantly influence upcoming MNT price predictions.