Mantle ($MNT) is on fire. The token has surged to $1.71, printing a fresh all-time high, following a massive rally that started in late August. Just like Binance Coin ($BNB), Mantle has now broken into new price discovery, fueled by hype, momentum, and expanding adoption.
What’s Driving the Pump?
- New trading pairs on Bybit have boosted liquidity and brought in more traders.
- Positive sentiment around Layer-2 scaling solutions — Mantle positions itself as one of the fastest, cheapest Ethereum L2s.
- General market momentum with $BNB and $SOL pumping has created a favorable environment for altcoins.
Technical Analysis
- $MNT rallied from $0.70 in July to today’s $1.70 — a gain of over 140% in two months.
- After breaking above the psychological $1.50 level, the price accelerated, showing strong demand and high volume.
- The chart is vertical, signaling parabolic growth, but also warning of increased volatility.
Key Levels
- Support:
- $1.50: First support level, previous breakout zone.
- $1.30: Secondary support, where consolidation took place before the breakout.
- Resistance:
- None above — Mantle is in price discovery. Next milestones are psychological: $2.00, $2.50, and $3.00.
What to Expect
- Bullish Scenario: If momentum continues, $MNT could push to $2.00 quickly, with traders eyeing $2.50+ as the next target.
- Bearish Scenario: A pullback after such a sharp move is very likely. A dip to $1.50 would be healthy, and as long as it holds, the uptrend remains intact.
📊 Outlook: Mantle is riding strong fundamentals and market sentiment, putting it in the spotlight of L2 tokens. With $BNB and others also at ATHs, $MNT could continue higher — but be prepared for sharp pullbacks along the way.
👉 Do you think Mantle hits $2.00 next week, or will we see a correction before the next push?