Mantle (MNT) shoot up 130% on top RWA Tokenization & USD1 Stablecoin
Mantle own token MNT don rally 130% for di past month, e jump from around $1.24 to peak of $2.84 afta breakout from ascendig channel. Mantle trading volume jump to record $840 million, e increase from $612 million for early September, while futures open interest jump over 14% to $4.85 billion. Technical indicators still dey bullish, with golden cross for 50- and 200-day moving averages and positive weighted funding rate. Short-term support dey at $2.00 and resistance at $2.60 before analyst Ali Martinez target $3.60. All dis gains dey supported by Mantle rollout of compliance-oriented real-world asset (RWA) Tokenization-as-a-Service (TaaS), dem dey tap $26 billion market, plus di launch of USD1 stablecoin wey World Liberty Financial (market cap $2.6 billion) back for di Mantle network, e reinforce both short-term momentum and long-term ecosystem growth.
Bullish
Da combined news show say MNT get strong bullish momentum. Di 130% price jump plus record trading volume na show say traders dey very interested, supported by technical breakouts and positive funding rates. Di introduction of RWA Tokenization-as-a-Service and di USD1 stablecoin for Mantle’s network dey give fundamental drivers wey fit sustain long-term demand. Analysts dem get target of $3.60 plus di golden cross signal dey talk say e get more upside. All these factors together dey suggest both short-term momentum and long-term growth, wey support bullish outlook.