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Jakarta, Pintu News – Mantle (MNT) has regained its bullish momentum by surging 35% in the last 24 hours, reaching $2.20 after dropping to $1.50 over the weekend. This quick recovery signals a return of investor confidence after last week’s sharp correction from the previous record high.
Mantle has gotten a significant boost from several factors recently. First, the Tokenization-as-a-Service (TaaS) service they offer is increasingly attracting real asset issuers to join the blockchain. This helps increase the overall utility and adoption of the Mantle network.
In addition, the launch of USD1, a new stablecoin built on Mantle, has injected new liquidity and enhanced the existing DeFi functionality within the network. These two factors together provide a strong boost to Mantle’s value.
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Mantle’s integration with Bybit deepens, encompassing treasury programs, new listing offerings, and roadmap alignment. This not only increases Mantle’s trading volume but also strengthens its position in the market.
Mantle’s modular design that integrates EigenDA for data availability and OP-stack enhancements also lowers costs and increases throughput. This is especially important for tokenization, trading, and payments use cases, making Mantle more attractive to users and investors.
With strong momentum, Mantle has the potential to surpass $3.00 if it can close above $2.87 decisively. The next target is $3.60, subject to increased volume and continued open interest. However, Mantle also has a support zone to guard, between $1.90 and $2.00.
If this zone does not hold, the price could drop deeper to the $1.60-$1.75 range, where buyers last entered the market. Right now, a strong and regular trend shows more potential for trend continuation than a sudden peak.
With its growing range of innovations and integrations, Mantle shows significant potential for further growth. Investors and network users can expect more positive developments that could drive Mantle’s value even higher in the future.
Also Read: BTC & ETH Rise After the “Biggest One-Day Wipeout in Crypto History”: Here’s Why!
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