MNT, the native token of the Mantle Network, has reached an all-time high of $2.34, a 15% increase in the last 24 hours. The surge follows a 73% jump in trading activity, pushing daily volume to $423.05 million as market participation continues to rise. The market also has a total market cap of $7.67 billion.
MNT Price action | Source: CoinMarketCap
Fundamentally, this push comes as Mantel Network partners with World Liberty Financial to launch the new USD1 stablecoin. At the same time, Bybit recently integrated the MNT token to expand its utility.
Technically, this latest surge is part of a much bigger climb that started a few months ago. Since September, the token has already moved upward by an incredible 67%, after a retest of the $1.45 support level. This kind of consistent increase proves that the market has great faith in the underlying project.
MNT technical Analysis | Source: TradingView
Future Outlook and Key Price Targets
Looking ahead, we can discuss three possible ways the price might move next. The first outlook suggests a strong and direct continuation of the upward push. Given the momentum we have observed, the token might jump straight to the next major point, which is the $3 price mark.
However, a more conservative view of the market suggests that price has risen too quickly, meaning it is technically overbought. When an asset gets this hot, it often needs to take a short pause. This is a very natural and healthy occurrence in any strong price cycle.
Therefore, the second possibility is a small correction or a cool-off period. This would allow the token to build a better and more stable foundation for the next big move. This means that a brief drop back to the $1.90 support level is expected, potentially leading to a 50% surge toward the $3 price mark.
MNT Price Prediction | Source: TradingView
Meanwhile, on the short-term 4-hour chart, the Relative Strength Index (RSI) is registering an extreme reading of 82.24. Since an RSI above 70 indicates an asset is significantly overbought, this level suggests a high statistical probability of a near-term cooling period.
MNT Momentum | Source: Tradingview
Notably, market watchers are also bullish on the long-term price action, with an analyst on x predicting a $4 price mark.
“broke out. Retested. Held like a beast. 532 days of accumulation just flipped into price discovery. Treasury-backed, Bybit-fueled, EigenLayer-integrated. CT’s waking up. Whales already did. Next stop? $4+”
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