Mantle (MNT) price has rallied 117% in 37 days, fueled by consistent accumulation and bullish structure.
Derivatives data shows open interest rising 25.99% to $79.66M, signaling fresh capital inflows.
Short liquidations continue to support upward momentum as traders maintain bullish positioning across exchanges.
Mantle (MNT) token price has been performing well in the last month, with over 117 percent growth in 37 days of time. As trading volumes and open interest rise, MNT is also an addition to the set of high-performing tokens, demonstrating good demand in the spot and derivatives markets.
MNT Price Action and Market Structure
The daily chart of MNT/USDT shows a sharp climb from $0.55 in early July to above $1.20 by mid-August. The token moved through both consolidation and breakout phases, establishing a sequence of higher highs and higher lows.
Trader Tardigrade (@TATrader_Alan) noted that MNT has become one of the top six tokens by growth within the top 100. This recognition comes as the token shows resilience, where corrections were met with strong buying pressure.
A key technical observation is the formation of strong support around the $1.10 level. If maintained, this zone could serve as a base for another leg up toward resistance levels near $1.35 and $1.50.
Derivatives Data Confirms Bullish Bias
Mantle’s derivatives performance aligns with the spot market strength. Trading volume increased by 19.16% to $107M, while open interest rose 25.99% to $79.66M. These inflows suggest new capital entering MNT positions.
The 24-hour long/short ratio stands at 1.0121, reflecting a slight bias toward long positions but without heavy imbalance. This balanced positioning adds stability to the ongoing trend.
Within 24 hours, almost $326K of liquidation was done, including shorts that liquidated $117K against $208K of longs. Short squeezes support the bullish pressure , and liquidations on an intraday basis demonstrate normal volatility.
Investor Sentiment and Path Toward ATH
Sentiment among traders and top accounts reflects confidence in the rally. On Binance, top trader ratios show heavier long exposure both in accounts and positions, which aligns with the open interest rise.
At the time of writing, Mantle is trading at $1.20 up 10.66 percent in a day, and the 24-hour volume is at $317M. The trend was further supported by growth in the price that increased by 14.45% in the last seven days.
MNT is one of the best properties in the market with its incessant feeding on liquidity and solid programme structure. Provided the momentum sustains, achieving back its all-time high seems close in the short run
