Mantle (MNT) bounce back from $0.60 go towards $0.93 resistance as volume and open interest dey rise

Mantle (MNT) don do one multi‑phase rebound wey push price from $0.60 support zone go near $0.90–$0.93 resistance area. Early report show say big retail‑driven spike carry MNT up sharply (local highs before report near $2.30 for earlier snapshot), but the more recent consolidated update put current price near $0.79 after 10% gain in 24 hours. Trading volume and derivatives activity don increase wella: spot volume jump (+81.5% to $117.7M), spot trading and buy‑side on‑chain metrics dey show taker‑buy dominance, and futures Open Interest climb (+13.2% to $58.35M), meaning renewed liquidity and bullish positioning. Technical indicators mixed but dey lean bullish — MACD histogram turn positive and momentum metrics suggest buyers dey get more control, while $0.93 be near‑term structural inflection wey now dey act as resistance. Risk factors include overheated retail flows and possibility of long squeeze if momentum fall; failure to clear $0.93 fit make consolidation continue, while firm breakout fit draw speculative flows and strengthen bullish structure. Traders suppose watch price action round $0.93, volume and OI convergence, and signs of leverage buildup wey fit increase short‑term volatility.
Bullish
Di reports dem show say buyer demand don gas again — e clear from rising spot volume, taker-buy dominance, positive MACD histogram, and increase for futures Open Interest — all signs say bullish confidence don grow and new liquidity dey. The immediate technical trigger na $0.93: if market break am well, e fit change market structure to bullish and attract speculative capital, supporting more upside. But wetin dey worry na high retail participation and more leverage fit bring short-term volatility and possible short squeezes if momentum turn. Overall, the balance of indicators dey favor upward pressure on MNT near term, and traders suppose manage risk round the $0.93 pivot and watch OI/volume dynamics wey fit amplify moves.