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What’s driving MANTLE by 11%?
Rising retail participation and rising volume across spot and futures markets have boosted MNT’s near-term momentum.
What could limit further upside for MNT?
RSI overheats around 87 points to possible short-term corrections before MANTLE fundamentals are reconfirmed.
cloak [MNT] It gained 11% in 24 hours, at press time, extending a steady climb that began after Bitfinex’s listing on August 28.
The increase coincided with higher trading volumes and retail participation, indicating stronger near-term momentum.
Ambcrypto breaks down what’s on the rise for MNT and what traders should watch next.
Retail activity drives short-term momentum
Data on retail activity in Cryptoquant futures showed a growing backlog of orders near current price levels, suggesting that retail traders led the rally.
Increased retail participation has added liquidity and helped expand its prices during brief declines in the past two sessions.
However, high volatility can lead to a sharp decline if profits increase among traders who already hold long positions.
Source: cryptoquant
That’s not all – trading activity has also matched the ongoing rally. Cryptoquant’s volume bubble map showed “heating” conditions in both spot and futures markets.
This growing market participation, added support to MNT holders already in long positions and boosted confidence among potential investors.
Source: cryptoquant
Support from Mantle token payment
The latest bull run has followed Mantle as of late He releases From the global Tokenization as a Service (TAAS) and RWA initiatives just five days ago.
Since then, the network’s StableCoin market cap has risen to $732.78 million, 4.27% from Defillama data, with USDT dominating at 69.1%.
The added liquidity from these programs can maintain Mantle’s price momentum and deepen market benefit for MNT holders.
Source: Devilama
Can the upward run continue?
With the technical picture showing strong buying pressure and improving Mantle fundamentals, sentiment around MNT remained tough.
The stochastic RSI on TradingView showed values close to 87, as of writing, deep into the peak zone. After an 11% daily jump, MNT was trading at $2.25, just below its high of $2.41.
Source: TradingView
That reading hinted at short-term fatigue, with a possible retracement toward the $2.09 gap before another attempt. However, the long-term outlook remained bullish given Mantle’s expanding fundamentals and retail-driven momentum.
