Mantle's MNT token reached a new all-time high of $2.87, marking a 12% increase before settling at $2.59. The surge in price is accompanied by a rise in futures open interest to $490.45 million, a 20% increase in just 24 hours, indicating heightened leveraged exposure. However, technical indicators suggest the rally may be overextended, with the RSI at 72.36 pointing to overbought conditions. Market analysts caution that a potential pullback could test support at $2.36, with further downside risk to $1.95 if this level fails to hold. The recent price action reflects strong demand for MNT, but traders are advised to watch for signs of a correction.