Mantle price ($MNT) has continued its explosive Q4 rally, climbing over 330% in the past three months to trade around $2.46 as of October 8. The Layer-2 network has now surpassed $8 billion in market capitalization, making it one of the top 20 cryptocurrencies today.
Analysts remain optimistic, pointing to a confluence of RWA integration, stablecoin liquidity growth, and a technical breakout above long-term resistance.
The question traders now face is whether Mantle price can sustain its run toward the $3.60 target forecasted by top analysts, or if the rally is approaching exhaustion.
UR App Launch, Stablecoin Expansion, Exchange Demand
Mantle recently launched UR, a neobank-style application bridging fiat and crypto with zero off-ramp fees and multi-currency support. Integrated with Ethena’s USDe stablecoin (5% APY), the app directly drives on-chain activity and native MNT demand as gas and collateral.
According to the report, UR is built entirely on Mantle’s low-fee Layer-2, targeting mass adoption across 45+ countries by early 2026.
Furthermore, DeFiLlama data shows Mantle’s stablecoin market cap has climbed to $736.9 million, up 3.98% this week alone, a sign of deepening network liquidity.
Tethers USDT has a 69.04% dominance on the Mantle network, followed by USDe, which powers lending markets and DEX volume across Bybit and other integrated platforms.
The network’s alignment with World Liberty Financial’s USD1 stablecoin, backed by pro-crypto U.S. political figures, has also strengthened Mantle’s reputation as a compliant, institution-friendly L2.
Meanwhile, Bybit’s $30B+ daily trading volume integration has funneled new retail exposure into Mantle’s ecosystem, contributing to the $11.7B monthly trading volume recorded in September, a new all-time high.
Mantle Price Breakout Points to a Strong Q4 Finish
The current technical front shows that Mantle’s chart structure remains decisively bullish. It is currently changing hands for $2.46, up over 30% in the last seven days, with a market capitalization of $8.01 billion and a trading volume of $535 million in the same period.
Data from popular cryptocurrency trader Ali highlights a confirmed breakout above $2.10 resistance, with the next major target sitting near $3.60, aligning with Fibonacci extension levels and prior supply zones from Q2 2024.
The Relative Strength Index (RSI) on the daily timeframe signals strong momentum but nears overbought territory, suggesting potential short-term pullbacks toward $2.10–$2.25 before the next leg up.
This bullish Mantle price prediction will be invalidated if the token records a daily close below $1.95
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