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Mantle (MNT) surged 20% in a day, breaking key resistance amid rising on-chain activity and bullish momentum.
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With RSI at 63 and resistance near $1.00, Mantle could see a breakout continuation or short-term pullback
Since August 2025, the crypto market has faced a massive pullback, affecting the general market. Bitcoin, which saw an all-time high of around $123k in July, dropped as low as $112k on August 2nd, dragging along the rest of the market. While the bulls are slowly regaining control of the market, not all assets are slow to rally.
Among the few assets that have seen a massive rally are Mantle (MNT), Pump.fun, and Litecoin. While Mantle leads the charts, it is by far the best-performing coin in the top 100 coins. Pump.fun and Litecoin have rallied by about 10% each.
Also read: Litecoin Poised for a 900% Surge? Here’s What’s Driving It
Mantle (MNT) price performance and why it is up?
Over the last day, Mantle (MNT) has surged 20.24% in one day, marking its strongest rally in months and reaching price levels not seen since February.
From a weekly low of 0.67, Mantle has gained approximately 36% in just two days to reach its weekly high on August 5, 2025.
Ethereum remains the dominant chain with a total value locked (TVL) of almost $82b, taking up about 60% of the total. As of 7 days ago, Mante was the Biggest L2s on Ethereum by TVL with $2.6B.
Ethereum Layer 2s are booming!🔥
Here are the Biggest L2s on Ethereum by TVL as of July 28, 2025:
1️⃣ Mantle – $2.6B
2️⃣ POL – $2.4B
3️⃣ Arbitrum – $2.3B
4️⃣ Optimism – $1.2B
5️⃣ Starknet & ZKsync trail behindWhich one are you using?#Ethereum #Layer2 #CryptoTrends pic.twitter.com/Z8lYWex4gG
— Biconomy.com (@BiconomyCom) July 29, 2025
At the time of press, the asset is trading at $0.867, and at the current moment, hitting $1 could be possible. Furthermore, bullish candles are supporting a further rally for the asset. Mantle trading volume has also skyrocketed by 266% to $610.11M in the last 24hours.
Notably, Mantle’s RSI currently stands at 62, firmly in the overbought zone. While this could be a sign of a short-term correction, it’s an indication of an uptick in daily active users.
Mantle current moving average is $0.86–$0.90. If Mantle fails to hold above $0.8 mark, the asset could see a reversal.
Futures markets show strong bullish sentiment as open interest rose nearly 70% to about $36M, and shorts were heavily liquidated in recent trading sessions
Broader Crypto Market Context
The rally also coincides with a broader crypto recovery, and retail demand has rebounded strongly after previously oversold conditions.
CoinGlass data also shows a rising demand for Mantle from speculative traders, with bullish positioning jumping significantly across exchanges
According to analysts, Mantle hinges on whether it can maintain above key support zones. A sustained move above $0.86–$0.90 could fuel the asset to $1.00 and potentially as high as $1.20–$1.80.
