Mantle surges 20% as bullish momentum builds, with $653M stablecoin inflows and analysts predicting a potential 5x to 10x breakout.
MNT holds near $0.82 resistance after strong volume and ETH treasury growth, with accumulation zones fueling long-term investor confidence.
Mantle’s chart shows reversal from $0.35 lows to $5 peaks, with current consolidation above $3 signaling strong support and renewed buying interest.
A fresh wave of momentum just hit Mantle (MNT), triggering an explosive 20% price surge that has shaken the altcoin market. The rally took place amid a crypto market recovery, fueled by rising confidence, strong fundamentals, and bold analyst predictions. At press time, MNT trades around $0.8037—flirting with a key resistance level at $0.82.
The surge follows a series of bullish updates from the Mantle team and growing investor interest. Notably, stablecoin market cap on Mantle surged 22.85% in the past seven days. It now sits at a massive $653.51 million.
Consequently, Lookonchain confirmed Mantle's ETH contribution to the Strategic ETH Reserve now stands at 101,867 ETH, worth roughly $388 million. This highlights institutional confidence and deep liquidity within the ecosystem.
Analysts Eye a Breakout Beyond $0.82
According to respected analyst Crypto Patel, MNT is forming a powerful bullish structure. He identified a major resistance wall at $0.82. A breakout from this level could trigger a 5x to 10x rally. Key support zones range between $0.50 and $0.55, while the best accumulation zone sits between $0.60 and $0.70. His bull market targets include $1.42, $3.00, and even $5.00—showcasing long-term potential.
Besides price action, the volume supports the trend. Mantle recorded 76 million in trading activity, confirming high interest. Moreover, MNT’s price trajectory mirrors a classic pattern in crypto: long accumulation phases followed by parabolic breakouts.
Chart Shows Reversal, Recovery, and Rally
Throughout 2024, MNT was quite volatile. The range of prices was $0.35 to $1.40. Midway through the year, selling pressure increased, driving MNT toward crucial support areas close to $0.60. But in late 2024, this became a solid foundation for a bullish breakout.
Source: Crypto Patel
Since then, Mantle has staged an impressive comeback, peaking near the $5–6 range. Currently, the price consolidates above $3.00 support, forming a healthy base. Investors who bought during the dip now enjoy major returns, confirming the significance of smart accumulation strategies.
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