Mantle price (MNT) has surged over 60% in the past 30 days, 41% in the last 7 days, and 8.2% in the past 24 hours to $1.58, smashing its previous April 2024 all-time high (ATH) of $1.50.
The bullish performance pushed Mantle’s market capitalization above $5.1 billion with a fully diluted valuation (FDV) of nearly $10 billion, according to the latest data.
Also, trading volume jumped 22% to $737 million, which suggests surging demand amid a wave of exchange integrations and bullish sentiment.
Bybit Partnership Powers Mantle Price Rally
A key driver of the breakout is Bybit’s “MNT × Bybit 2.0” roadmap, which added 21 new spot pairs (including MNT/USDC and MNT/EUR) and rolled out derivatives, savings, and staking products tied to Mantle. Bybit now accounts for almost 42% of MNT’s daily trading volume, data shows.
Analysts pointed to the Bybit partnership as a catalyst for MNT’s +60% rally over the past 30 days, expanding utility across payments, launchpools, and structured products.
Moreover, Mantle celebrated an all-time high in total market cap on September 10, stressing its growing role in the “Blockchain for Banking” narrative.
Messari data shows Mantle’s stablecoin market cap rose to $483.3 million in Q2 2025, led by USDT and USDe liquidity, while DeFi protocols like mETH Protocol and FunctionBTC anchor nearly $2.5 billion in TVL across the network.
Traders Eye $1.70–$1.90 Targets After MNT Breakout
Traders are treating the ATH breakout as a bullish signal. “Full bullish breakout for $MNT pushing to new yearly highs,” wrote popular analyst Crypto Rand, sharing a chart showing Mantle price clearing resistance with room to run toward $1.70–$1.90.
On-chain activity, however, shows a mixed picture. Artemis data reveals that daily active addresses and transactions have cooled since August peaks of 220K wallets and 554K transactions, now sitting near 10K and 189K, respectively. TVL has also retraced from $1.7B in mid-August to $1.2B today.
Notably, momentum indicators remain bullish. MNT’s 7-day RSI at 71.3 suggests strong momentum without being overbought, while the MACD histogram (+0.0156) confirms bullish divergence. Fibonacci extensions place the next targets at $1.66 and $1.85, with the 7-day EMA at $1.25 acting as near-term support.
Still, analysts caution that a close below $1.40 could trigger profit-taking, especially after Bybit’s promotional campaigns fade.
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