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Mantle (MNT) Hits New All-Time High After 35% Daily Jump, Can Momentum Push Beyond $3?
Mantle (MNT) experienced a significant 30% price surge, reclaiming the $2.2 level after a dip. This rebound demonstrates renewed investor confidence following a previous price correction. Despite remaining below its all-time high, the recovery suggests a bullish trend may persist. Trading volume surged by over 60%, reaching $1.2 billion daily, alongside a 9% increase in futures open interest. Mantle's rally is supported by factors like its Tokenization-as-a-Service (TaaS) and the launch of a new stablecoin. Furthermore, integration with Bybit enhances distribution and order flow for the token. Its modular design provides lower costs and improved throughput, beneficial for various use cases. Technical analysis suggests further upside potential, with targets at $2.87 and $3.00 if the momentum sustains. Key support levels are established at $2.50-$2.55 and $1.90-$2.00, crucial for maintaining the bullish structure. As long as the price holds above $1.90-$2.00, the bullish structure remains intact.
