Stock Mantle experiencing a 20% rise, targeting a new high of $1.22.
Mantle (MNT), the Ethereum layer 2 blockchain dubbed as "the blockchain for banking and on-chain finance" by Shiro, has experienced a significant rally in recent days, breaking out of a prolonged bearish phase and reclaiming key technical support levels.
The token surged around 20-28% recently, with increased buyer volume, rising active addresses, and growing stablecoin market capitalization on its network strengthening the movement's solidity. This bullish structure has been further validated by Mantle's successful breakthrough of a major technical resistance level.
Current trading prices vary somewhat, but they are generally near or just under $1.00 to $1.03. With growing bullish indicators, there is potential for the price to break higher toward the $1.20+ range before the end of 2025.
Key technical levels for Mantle include immediate support around $0.85 to $0.97 (the Fair Gap Value level reclaimed) and next major resistance around $1.22 to $1.34. If the current market structure holds, a potential higher target for Mantle could be up to $1.60 before year-end 2025.
The most widely cited range for August 2025 is $1.30 to $1.34, with an average around $1.32, reflecting investor confidence as MNT consolidates above prior resistance and a forecasted monthly ROI of about 2.58% if trends continue. Another source notes targets of approximately $1.20 to $1.23 in the short term, corresponding to resistance levels that could pose challenges without broader market enthusiasm.
While the current momentum and on-chain data underpin a positive short-term outlook, traders remain cautiously optimistic amid overall market uncertainty, anticipating potential further upside if investor confidence holds. However, a drop below the $0.80 level could challenge the positive dynamic of Mantle.
For those interested in investing in Mantle, buying on Bitget can earn you 10 dollars free. To start investing with reduced fees, create an account on their official website, complete KYC verification, fund your account, and buy MNT.
As Mantle continues its rally, reaching unprecedented price levels in several months, investors should remain attentive to the next candle closures and volume evolution.
- Investors studying at the crypto academy might find Mantle (MNT) an interesting subject due to its significant rally, especially since it's being referred to as "the blockchain for banking and on-chain finance."
- Given the increasing bullish indicators for Mantle, finance enthusiasts interested in investing could consider buying MNT on platforms like Bitget, potentially seeing returns before the end of 2025.
