Mantle (MNT) has surged 21% in a week thanks to strong buying from whales and a positive trend in the derivatives market.
The current price is supported by net outflows from exchanges, along with a positive Funding Rate, signaling accumulation and expectations for continued upward momentum.
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Whales dominate buying activity, driving MNT prices up significantly.
The derivatives market provides positive support with liquidity and expanding capital.
The RSI indicates that buying pressure is somewhat decreasing, signaling the potential for a short-term correction.
How has MNT increased in price over the past week?
Market data shows that Mantle has moved in a bullish channel after breaking a months-long downtrend. Within 7 days, MNT rose from the price area of 0.72 USD to a peak of 0.85 USD, equivalent to a 21.47% increase.
Currently, the trading price is around 0.78 USD, demonstrating the resilience of the coin amidst market fluctuations. According to data reports, the upward momentum is supported by several on-chain factors and positive cash flows from large investors.
The role of whales in the MNT price increase
CryptoQuant experts confirm that whales have been the driving force in the Mantle market over the past 30 days with a long-term accumulation strategy, helping to create momentum for the recent price increase.
Data shows that the average size of spot orders is leaning towards large transactions, demonstrating the active participation of whales in the spot market. This is reinforced by a net outflow of 4.3 million USD from exchanges to personal wallets, indicating strong accumulation. Typically, this trend creates a more sustainable bullish base for altcoins.
The accumulation of Mantle by whales over the past month indicates strong confidence in the long-term prospects of the project, while also providing crucial liquidity to maintain the upward trend.
Trần Hữu Nam, CEO of CryptoInsights research company, July 2025
What does the derivatives market express about Mantle?
Analysis from Coinalyze shows that the Open Interest of MNT futures contracts reached nearly 29 million USD, up 9.2% from before. Trading volume has also exploded with a 285% increase, reaching nearly 48 million USD.
The Funding Rate is at a positive 0.01, indicating that long positions account for 75% of investors, while shorts only account for 24%. This situation reflects the expectation that the price of Mantle will continue to rise from professional investors and large funds.
Is the upward momentum of MNT sustainable?
The RSI of MNT has just reached 73, in the overbought region recently, indicating that buying pressure is weakening. Meanwhile, the CMF remains above the positive zone, implying the presence of buying capital.
Market analyst TinTucBitcoin forecasts that if buyers can maintain momentum and push prices back above 0.80 USD, the next target will be 0.87 USD. Conversely, if selling pressure increases, MNT's price may drop back to the low of 0.70 USD.
Current price momentum is intertwined between whale accumulation and profit-taking pressure. Risk management and monitoring technical indicators are essential to guide an effective investment strategy.
Nguyễn Thu Hà, technical market analysis expert, July 2025
Which technical indicators support the analysis of MNT?
An RSI above 70 often signals overbought conditions, while a positive CMF indicates there is positive cash flow entering the market. MNT is currently converging on these two signals but shows signs of weakening buying momentum.
Technical analysis with TradingView data shows the possibility of a price correction before continuing the upward trend. Therefore, closely monitoring the indicator movements is crucial to decide whether to buy or hold positions.
Frequently Asked Questions
What is MNT and why has its price increased sharply recently?
MNT is the token of Mantle, rising in price due to whale accumulation and net outflows from exchanges, creating expectations for sustainable price increases.
How do whales influence the price of MNT?
Whales account for the majority of buy orders, pushing prices up through long-term accumulation and reducing sell pressure.
What does the derivatives market say about MNT?
Increased liquidity, Open Interest, and positive Funding Rate indicate strong price increase expectations from derivative investors.
Is a high RSI a risk signal for MNT?
RSI in the overbought region signals that selling pressure may increase, but it needs to be considered alongside other indicators to assess the overall trend.
What technical indicators should be monitored for trading MNT?
RSI, CMF, Funding Rate, and trading volume are important indicators to identify reasonable entry and exit points.
Source: https://tintucbitcoin.com/mantle-mnt-giam-gia-nguyen-nhan-moi/
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