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Cryptos: 19.97M
Exchanges: 842
Market Cap: 
$3.99T
1.29%
24h Vol: 
$164.7B
30.03%
Dominance: BTC: 57.5% ETH: 14.4%
 ETH Gas: 
0.2 Gwei
 Fear & Greed: 
56/100

Latest Mantle (MNT) Price Analysis

By CMC AI
23 August 2025 04:02PM (UTC+0)
See MNT Price Chart

Why is MNT’s price down today? (23/08/2025)

TLDR
Mantle (MNT) fell 4.26% in the past 24h, underperforming the broader crypto market (-0.25%). Three key factors drove the dip:

  1. Post-Listing Selloff – Profit-taking after Coinbase’s MNT perpetual futures launch on Aug 21 (CryptoNews).
  2. Technical Resistance – Repeated rejection at $1.40, a key level below its April 2024 ATH of $1.51.
  3. Market-Wide Risk-Off – Altcoins broadly declined amid U.S. ETF outflows ($312M BTC, $240M ETH on Aug 20).

Deep Dive

1. Post-Listing Profit-Taking (Bearish Impact)

Overview: MNT rallied 26% in the week leading up to Coinbase International’s Aug 21 perpetual futures listing, reaching a 16-month high of $1.37. However, traders executed a classic “sell the news” move, with open interest declining post-launch.

What this means: Pre-event rallies often attract short-term traders who exit positions once liquidity peaks. Bybit (handling 37% of MNT’s volume) saw reduced buying pressure after its promotional campaigns ended, exacerbating the drop.

What to look out for: Derivatives data – MNT’s open interest fell 2.53% in 24h, signaling reduced speculative demand.

2. Technical Resistance at $1.40 (Mixed Impact)

Overview: MNT faced stiff resistance at $1.40, just 8% below its all-time high. The 7-day EMA ($1.25) failed to hold as support, while the RSI (65.72) cooled from overbought levels.

What this means: The rising wedge pattern since early August hinted at a potential reversal. Fibonacci retracement levels now place critical support at $1.12 (38.2%) and $1.04 (50%). A close below $1.23 (23.6%) could trigger further downside.

3. Altcoin Weakness (Bearish Impact)

Overview: The crypto Fear & Greed Index dipped to 56 (Neutral) from 70 (Greed) last month. ETH spot ETFs saw $240M outflows on Aug 20 – the third-largest daily exit – dampening sentiment for L2 tokens like MNT.

What this means: Mantle’s correlation with ETH (14.42% dominance) leaves it exposed to sector-wide rotations. Despite MNT’s 61% 30-day gain, traders shifted to cash amid macroeconomic uncertainty.

Conclusion

Mantle’s dip reflects a combination of tactical profit-taking, technical headwinds, and broader risk aversion. While its fundamentals remain strong (e.g., $714M stablecoin inflows, Bybit integration), short-term volatility may persist.

Key watch: Can MNT hold the $1.23 Fibonacci support, or will liquidations below $1.20 trigger a deeper correction toward $1.04?

Why is MNT’s price up today? (22/08/2025)

TLDR
Mantle (MNT) rose 1.3% over the last 24h, extending a 56.9% gain over the past month. Today’s uptick aligns with bullish momentum driven by exchange listings, technical breakouts, and growing ecosystem activity.

  1. Coinbase Futures Listing (Bullish Impact) – Perpetual futures for MNT debut on Coinbase International today (21 August), boosting liquidity and institutional interest.
  2. Bybit Incentives Drive Demand (Mixed Impact) – MNT’s integration into Bybit’s Earn/OTC products and a 250K USDT prize pool fueled retail trading, but risks a “sell the news” pullback.
  3. Technical Resistance Test (Neutral/Bullish) – Price tests $1.40 resistance (near its $1.50 all-time high), with RSI signaling overbought conditions.

Deep Dive

1. Coinbase Futures Launch (Bullish Impact)

Overview:
Coinbase International Exchange began trading MNT perpetual futures on 21 August 2025. This follows Bybit’s earlier integration of MNT into its Earn and OTC platforms, which now account for ~37% of MNT’s $717M daily volume (Cryptomus).

What this means:
- Institutional access: Perpetual futures attract leveraged traders and hedge funds, deepening liquidity.
- Pre-listing rally: Historically, tokens gain 10–20% ahead of major exchange listings due to speculation. MNT rose 26% in the week leading up to the event.

What to look out for:
Post-launch open interest trends. A decline could trigger profit-taking.

2. Bybit Campaigns Fuel Retail Activity (Mixed Impact)

Overview:
Bybit’s EU Launchpool offered 36% APR for MNT staking, paired with a 250K USDT prize pool for traders. Former Bybit executives Helen Liu and Emily Bao joined Mantle as advisors, signaling closer ties.

What this means:
- Short-term demand spike: Retail traders chased high yields and rewards, lifting volumes.
- Volatility risk: Similar exchange-driven rallies often reverse if incentives expire without fundamental growth.

3. Technical Breakout Attempt (Neutral/Bullish)

Overview:
MNT tested $1.40 resistance (8% below its $1.50 all-time high) with a 62% rally since early August. The 7-day EMA ($1.25) acts as support, but the daily RSI (75.3) flags overbought conditions (Crypto.news).

What this means:
- Breakout potential: A sustained close above $1.40 could trigger FOMO buying toward $1.50.
- Correction risk: Failure to hold $1.25 support may lead to a pullback to $1.09 (23.6% Fibonacci level).

Conclusion

Mantle’s 24h gain reflects a blend of bullish catalysts (Coinbase listing, Bybit incentives) and technical momentum. However, overbought conditions and reliance on exchange-driven demand warrant caution.

Key watch: Can MNT hold above $1.40 post-launch, or will profit-taking reverse gains? Monitor Coinbase’s futures volume and Bybit’s MNT/USDT spot flows for clues.

CMC AI can make mistakes. Not financial advice.
MNT
MantleMNT
|
$1.22

5.66% (1d)

See MNT Price Chart