Mantle (MNT) surged nearly 10% on Thursday, reaching intraday highs above $0.69 as part of a broader altcoin rally. The price increase was supported by a 116% rise in trading volume to $46 million, reflecting stronger buying interest. Despite the bullish momentum, MNT faces key resistance at $0.70, with support levels at $0.60-$0.57.
The rally aligns with gains in other mid-cap projects like Hyperliquid, Zcash, and NEAR, and is fueled by renewed interest in real-world asset integrations within Mantle's ecosystem. Technical indicators such as the RSI and MACD suggest potential for further short-term upside, though the token remains below a critical downtrend line. Institutional demand could rise if regulatory developments favor blockchain-based tokenized stock trading.
Mantle (MNT) Surges 10% Amid Altcoin Rally, Tests $0.70 Resistance
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