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Bybit introduces 21 new MNT trading pairs to boost liquidity and market demand.
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MNT price surges by 18% in just 24 hours, with trading volume reaching $706 million.
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The RSI indicates overbought levels and raises the chances of a MNT price correction in the short term.
Mantle (MNT), which is a trading pair of MNT, has rallied since Bybit released its 2.0 roadmap. This included the listing 21 new MNT pairs. The move increased liquidity and created new market demand.
Bybit has also launched a “HOLD and Earn Stablecoins”, a campaign that rewards holders of MNT or XUSD with a $60,000 prize fund, boosting the bullish sentiment surrounding the token.
MNT Jumps 18% with Surging Volume
MNT was trading at $1.61 as of press time, an impressive increase of 18.23% over the past 24 hours.
The volume of trading increased by 42.91%, to $706.1 millions, indicating a higher level of investor participation.
MNT has risen from a low price of $1.35 up to its current $1.61. This increase indicates that bullish sentiment has taken over the market.
Support $1.35 and Resistance $1.61
Mantle trades now against boundaries that are clearly defined. The $1.35 area has become a reliable level of support, where buyers have previously stepped in and absorbed selling pressure. MNT is facing resistance at $1.60 – $1.61, a range which has capped the momentum in the past sessions.
Related Mantle (MNT), Price Prediction 2025-2030, Can MNT reach new highs?
Traders expect a significant upside if Mantle breaks decisively above this resistance. If Mantle fails to hold above $1.61, however, it could trigger a fall towards $1.35. Mantle is on many market participants’ watchlists, as they consider their next move.
The indicators point to a bullish momentum, but the RSI warns of overheating
Momentum signals remain bullish. The MACD readings of 12-period 0.0328 and the 26-period 0.0485, both at 0.0328, show that buying pressure is firmly in place, with the MACD line above the signal line. This alignment suggests the token’s climb could continue if buyers maintain their control.
The Relative Strength Index (RSI), at 75.71, still signals caution. An RSI above 70 indicates overbought conditions and may indicate that Mantle’s rally is on fire.
This doesn’t stop the bullish trend but it increases the chances of a short term pullback, as traders lock up profits. Longer term, as long as Mantle maintains key support levels and liquidity increases, the outlook is positive.
Related Mantle (MNT), Price Prediction 2025-2026, 2027-2028-2030
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