Latest Mantle (MNT) Price Analysis

Deep Dive

1. Coinbase Futures Launch (Bullish Impact)

Overview: MNT perpetual futures debuted on Coinbase International on 21 August 2025, expanding institutional access. Pre-launch speculation drove a 26% rally the prior week, with open interest hitting a record $122.67M (Coinglass).

What this means: Futures listings typically boost liquidity and visibility. However, MNT faces “sell the news” risk – its price dipped 5% post-launch in late August (CryptoNews).

What to look out for: Sustained open interest above $100M to confirm institutional participation.

2. Bybit’s Retail Onboarding (Mixed Impact)

Overview: Bybit integrated MNT into Earn (36% APR), OTC, and Launchpool, capturing 37% of its $717M daily volume. A $250K USDT promo further amplified retail activity.

What this means: While exchange incentives spiked short-term demand, they risk creating artificial volatility. The 7-day EMA at $1.25 now acts as critical support – a drop below could trigger profit-taking.

3. Technical Momentum (Caution Advised)

Overview: MNT broke above $1.40 resistance (just below its $1.50 ATH) with a rising wedge pattern. RSI at 75.3 signals overbought conditions, while the MACD histogram remains negative (-0.0143).

What this means: Bulls need a daily close above $1.40 to target $1.50. However, Fibonacci retracement at $1.23 suggests pullback risks if momentum stalls.

Conclusion

Mantle’s 24h gains reflect a blend of exchange-driven hype and technical momentum, but overbought signals and post-listing volatility warrant caution. Key watch: Can MNT hold above $1.25 support amid shifting BTC dominance (-0.15% in 24h)?

Deep Dive

1. Post-Listing Profit-Taking (Bearish Impact)

Overview: MNT rallied 26% last week ahead of Coinbase’s perpetual futures launch on 21 August 2025, but open interest dropped post-listing (Cryptomus). Historical patterns show tokens often retrace after major exchange debuts as traders lock in gains.

What this means: The 24h price dip aligns with reduced derivatives activity – MNT’s futures open interest fell 6.2% since 7 September. Without fresh catalysts, short-term traders are exiting positions.

What to look out for: Sustained open interest levels on Coinbase International and Bybit, which account for ~37% of MNT’s volume.

2. Technical Resistance (Mixed Impact)

Overview: MNT faces resistance at $1.40 (near its April 2024 ATH of $1.51). The price is caught between the 7-day EMA ($1.14) and 30-day SMA ($1.18), with MACD signaling bearish momentum (histogram: -0.020855).

What this means: Bulls failed to hold above the pivot point ($1.16), triggering sell-offs. A rising wedge pattern suggests potential downside to $1.03 (Fibonacci 78.6% level) if $1.14 support breaks.

3. Exchange-Driven Volatility (Neutral Impact)

Overview: Bybit’s August incentives (250K USDT prize pools, 36% APR staking) inflated retail demand artificially. Post-campaign, 24h volume dropped 44% to $120M, reducing buying pressure.

What this means: MNT’s price became overly reliant on exchange promotions rather than organic demand. The current dip reflects rebalancing toward fundamentals like Mantle’s $713M stablecoin inflows and ETH reserves.

Conclusion

MNT’s dip stems from profit-taking after a hype-driven rally, technical resistance, and fading exchange incentives. However, its 94% 60-day gain and institutional partnerships (e.g., Bybit’s roadmap expansion) suggest underlying strength.

Key watch: Can MNT hold $1.14 (7-day EMA) to avoid a deeper correction toward $1.03?