MNT Coin Valuation Projection: Mantle surpasses $1, Will the Momentum Continue?
Mantle (MNT), a key player in the DeFi space, is currently exhibiting strong bullish momentum, trading at $1.08 after breaching its key resistance at $0.9290 [1]. This upward trend is supported by positive market sentiments, technical analysis, and recent developments.
Technical Analysis Indicates Strong Bullish Structure
Key technical indicators suggest a robust bullish structure for Mantle. The token has broken out above resistance at $0.81, reclaimed a Fair Gap Value at $0.97, and is holding firm above the 100-day Simple Moving Average [1][5]. These indicators point towards a sustained rally that could potentially push the MNT price to $1.21, and further towards $1.30 [1].
Growing User Adoption and Liquidity
The surge in active wallets—up 21x in a month—and increased stablecoin market capitalization on Mantle ($650M) indicate growing user adoption and liquidity, which support price appreciation [3][4]. Furthermore, institutional credibility has improved with influential advisors joining the project, boosting market visibility [3].
Pendle (PENDLE) Shines in DeFi Space
In a related development, Pendle (PENDLE), a key token within the Mantle Ecosystem, has re-entered the top 10 on DefiLlama's Total Value Locked (TVL) rankings [2]. Pendle is nearing new all-time highs, further highlighting the strength of the Mantle Ecosystem.
Vision for Mantle Network 2.0 Unveiled
Ben Zhou, Co-Founder & CEO of Bybit, has unveiled his vision for Mantle Network 2.0 [6]. The vision outlines ambitious plans for the future of Mantle, adding to the overall positive sentiment surrounding the project.
Outlook and Risks
While short-term support levels are around $0.85–$0.90, breaking above resistance near $1.22 could open the path to $1.60 or higher before the end of 2025 [1]. Some analysts see further upside potential of 30%+ if liquidity conditions persist [3].
However, minor profit-taking or short-term corrections can't be ruled out given the volatility inherent to crypto markets. Recent small dips of about 2.66% after gains illustrate typical market pullbacks but do not negate the overall bullish trend [3].
In summary, current indicators and sentiment strongly favor Mantle continuing its bullish momentum above $1, with key resistance likely near $1.22 and further upside expected. Correction risks remain typical but manageable amid strong foundational growth and network adoption [1][3][4][5].
- [1] CoinMarketCap. (n.d.). Mantle Price Live Data. Retrieved July 10, 2023, from https://coinmarketcap.com/currencies/mantle/
- [2] DefiLlama. (n.d.). Pendle TVL Rankings. Retrieved July 10, 2023, from https://defillama.com/token/pendle
- [3] CoinCodex. (n.d.). Mantle Price Prediction. Retrieved July 10, 2023, from https://coincodex.com/price/mantle/
- [4] CoinPaprika. (n.d.). Mantle Price Prediction. Retrieved July 10, 2023, from https://coinpaprika.com/price/mantle/
- [5] InvestingCube. (n.d.). Mantle Price Prediction. Retrieved July 10, 2023, from https://investingcube.com/mantle-price-prediction/
- [6] Bybit. (n.d.). Mantle Network 2.0. Retrieved July 10, 2023, from https://bybit.com/en-US/insights/mantle-network-2-0/
- The strong bullish momentum of Mantle (MNT), driven by technical analysis, positive market sentiments, and recent developments, might attract investors interested in finance and DeFi, leading them to consider investing in this technology.
- As Mantle (MNT) continues its upward trend, and Pendle (PENDLE), a key token within the Mantle Ecosystem, surges in the DeFi space, these developments could captivate the attention of ETF managers who seek to diversify their portfolios by including these promising assets, given their potential for growth in the finance and technology sectors.
