Mantle price is trading near $0.83, down roughly 8% over the past 24 hours and about 6% on the week, after failing to sustain gains tied to its latest cross-chain expansion. The token has moved within a daily range of $0.8203 to $0.9209, while 24-hour volume rose about 16.8% to roughly $72.7 million.
Early buying following a Solana integration quickly gave way to broader market selling. Macro-driven risk aversion, rather than project-specific weakness, has emerged as the dominant driver.
Mantle Price Slips as Macro Selloff Offsets Solana Portal Launch
Mantle price initially found support on January 27 after the network launched cross-chain access to Solana via the Mantle Super Portal. This teleportation hub instantly moves $MNT between Ethereum and Solana.
The integration provides access to Solana-native DeFi applications and protocols, including new MNT trading pairs, such as MNT–USDC, on the Byreal DEX.
Mantle also highlighted deeper CeDeFi connectivity, with full deposit and withdrawal support for $MNT on Solana, spot trading on Bybit, and yield opportunities through Alpha Farm. A separate incentive program allocates roughly 96,000 MNT in liquidity rewards on Byreal to seed early activity and tighten spreads.
The Mantle price was initially boosted by traders, but this was not sustained as participants took profits. The price decline followed a significant drop in crypto markets on January 29, as the Federal Open Market Committee maintained interest rates but noted that inflationary pressures persisted. The price of Bitcoin dipped below $85,000 today, with most mid-cap altcoins following suit.
Mantle price tends to track Bitcoin closely, and that correlation amplified losses. Market sentiment has deteriorated, with the Fear & Greed Index at 38 and thinning derivatives positioning.
In this environment, the Solana bridge has been viewed as a longer-horizon structural positive rather than an immediate catalyst. The expansion reinforces Mantle’s multi-ecosystem thesis and potential utility growth, but it has not been enough to counter macro headwinds in the near term.
Selling Pressure Persists as MNT Tests Lower End of Range
On intraday charts, the Mantle price has been moving lower throughout the day, with attempts to reverse course being rejected near the $0.85-$0.86 region. The token is currently hovering just above the day’s low near $0.81, an area that has seen modest buying interest.
The failure to regain the previous intraday high around $0.92 shows that momentum is still weak. The increased volume during the decline indicates strong participation, not liquidity shortage.
A drop below $0.82 could prompt traders to seek support near the next congestion zone in the low $0.80s. Conversely, a rise above $0.86 would signal that selling pressure is decreasing.
Currently, Mantle price movements suggest the market is primarily driven by macro risk factors, with project-specific news playing a smaller role until market sentiment improves.
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