Mantle ($MNT) is riding a fresh wave of bullish momentum as trading volume, market cap, and on-chain activity surge across the board. The token climbed over 6.6% in the past 24 hours to trade around $0.92, fueled by a mix of ecosystem growth, strategic hires, and strong technical signals pointing to a possible breakout past $1.
With daily trading volume up over 215% to $623 million and market cap crossing the $3 billion mark, MNT was one of the top-performing large-cap altcoins on CoinMarketCap this week.
Analysts now suggest a rally to $1.42 or even $3 could be on the table if bullish structures hold.
Ecosystem Momentum and Banking Integration
The catalyst behind Mantle’s latest rally appears to be a mix of ecosystem announcements and real utility development.
Key among these is the upcoming launch of Mantle’s neobank platform, UR, which is set to exit beta on August 8. Positioned as a “blockchain for banking,” the product is expected to onboard a new wave of users into the Mantle ecosystem. In anticipation, investor interest has spiked.
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Adding to the bullish sentiment, Mantle has also grown its Strategic ETH Reserve to 101,867 ETH (over $388M), making it the largest ETH-backed treasury in the Web3 space.
Meanwhile, Mantle announced two major additions to its advisory board: Helen Liu (Co-CEO of Bybit) and Emily Bao (Head of Spot at Bybit). Both bring serious firepower and executional experience from centralized exchanges into Mantle’s decentralized playbook, likely a key reason behind the recent influx of capital and attention.
Mantle Price Testing Key Resistance at $0.85–$0.95
From a technical perspective, the Mantle price is now approaching a critical resistance zone between $0.85 and $0.95. This region has acted as a ceiling for the past year and a half, according to trader DaanCrypto.
After months of consolidating between $0.50 and $1.50, Mantle is finally showing signs of breaking out above its 200-day EMA. A close above $0.95 could pave the way for aggressive upside targets.
According to CryptoPatel, $MNT is forming a bullish structure just below the $0.82–$0.85 resistance and could rally 5x–10x post-breakout. Key accumulation zones are between $0.60 and $0.70, with long-term targets at $1.42, $3, and $5.
Patel also pointed out strong support around the $0.50–$0.55 range, an area buyers have historically defended.
Adding to the conviction, on-chain data from Artemis shows that daily active addresses have climbed to 137K, with stablecoin transfer volume on the rise. TVL sits at $1.3B, and developer activity remains steady, both healthy indicators for continued growth.
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