Mantle Price Fall Back After Coinbase/Bybit Listings, Eye $1.40 Resistance
Mantle price (MNT) drop pass 19% las las week but e rise 3% after dem list am for Coinbase and Bybit. Perpetual futures launch for Coinbase plus Bybit EU Launchpool cause trading volume to increase well, with Bybit dey do 37% of daily MNT volume. Short-term people wey dey take profit make weekly losses dey near 15%. For chart side, MNT bounce from 61.8% Fibonacci retracement for $1.14. The RSI reach 55.48 and MACD still dey little bearish mean say momentum dey neutral. Immediate resistance dey $1.40, support hold for $1.23; if e break down e fit push MNT go the 38.2% retracement near $1.12. Fundamentals strong well. Mantle TVL (Total Value Locked) na $460 M, e gain boost from mETH $1.69 B liquid staking TVL. Stablecoin adoption don reach $713.8 M. Institutional interest dey grow through the $218 M MI4 fund. We get better things wey dey come like Bybit integrations, UR banking app beta, plus ZK rollups for scalability. These technical signs show say Mantle price fit rally if e break resistance, or e fit try test bottom again if sellers strong.
Neutral
Di news dey balance di bullish catalysts wit risk wey dey for profit-taking. Exchange listings for Coinbase and Bybit bring short-term boost for volume and price, but weekly losses still dey near 15% as traders dey book their gains. Technical indicators (RSI around 55, small bearish MACD) suggest say momentum neutral. Key levels—resistance for $1.40 and support for $1.23—go determine di direction; if e break below support fit make am fall reach $1.12. Meanwhile, strong fundamentals (TVL growth, mETH staking, stablecoin inflows, $218 M MI4 fund) dey support long-term confidence. Like di past altcoin exchange listings, initial spikes usually follow by consolidation. Overall, short-term volatility dey expected wit neutral bias till clear technical breaks or steady fundamental drivers show.