Mantle Price Don Jump 20% Reach $0.91, E Dey Eye $1 Breakout
Mantle price jump more pass 20% inside 24 hours, from $0.72 reach $0.91 due to altcoin rebound. Trading volume rise sharply by 280% to $622 million, market cap hit $2.96 billion.
Network ecosystem metrics dey go up: stablecoin circulation increase 22.8% to $653 million, DeFi TVL climb reach $233 million, and daily active addresses triple for July. Mantle add 101,867 ETH ($388 million) to Strategic ETH Reserve, launch $400 million MI4 index plus the mETH protocol for institutional inflows.
On-chain gains help push bullish momentum. Technically, bearish RSI divergence show as prices reach new highs but RSI weaken, but now RSI dey 66 and MACD show bullish crossover. Price dey trade above 20 EMA, 50 SMA and middle Bollinger Band near $0.87, with support at $0.68 and $0.55.
If price fit break and hold above $1, e fit target all-time high $1.51. Traders fit see dips as chance to buy.
Bullish
Di combine on-chain growth, DeFi TVL expansion plus strategic ETH reserve addition dey reinforce bullish feeling for MNT. Di 20% price jump and high volume dey confirm say plenty people dey rush buy, while technical indicators like di bullish MACD crossover plus support from moving averages show say price fit still go higher. Existing RSI divergence dey warn small for short-term pullbacks, but di strong ecosystem fundamentals plus near-term momentum show say price fit breakout pass $1. For long term, institutional products like MI4 and mETH fit keep demand steady and reduce volatility. Overall, traders go likely see pullbacks as chance, supporting di bullish outlook.