- Mantle surged from 100% to 117% in a month, passing $1.30 despite the general weakness in the markets.
- MiCA-compliant staking release of Bybit instigated a nearly 30% rally in 48 hours, which gave a boost to investor sentiment.
- MNT tests $1.40 resistance, $599.3 million in volume, and $5M in shorts, indicating possible breakout.
Mantle (MNT) continued its strong performance this weekend, adding 13% on Saturday, August 16, to extend its two-day rally to 30%. It crossed the $1.30 level, in spite of universal crypto corrections across the board in the wake of hotter-than-projected U.S. PPI news dashing broad-based risk appetite at the close of last week.
According to a post by Library Of Wealth, Mantle has risen between 100% and 117% over the past month. That positions it of the top-performing digital assets over the past month. The surge highlights growing confidence in Mantle’s fundamentals as market demand keeps intensifying.
Also Read: Cardano Bulls Eye $1.35 After Strong Recovery Above Key Support
The rally gained fresh fuel after Mantle’s integration with Bybit introduced MiCA-compliant staking options. Following the announcement, MNT climbed nearly 30% in only 48 hours, underlining the powerful market impact of this regulatory-aligned upgrade.
MNT Breakout Potential: Resistance Levels in Focus
Currently, Mantle is testing resistance near $1.40, a level viewed as critical for the next move. A breakout above this zone can lead to a surge towards $2 in a breakout, but rejection can initiate short-term profit-taking, and bulls can look at likely retracements before the new bullish push.
Mantle’s rally gained pace first on August 14, following Bybit EU’s announcement of a launchpool. People were asked to deposit MNT, XION, and USDC in return for a 100,000 XION prize pool reward. It was Bybit’s first MiCA-compliant staking campaign, and it boosted the profile of MNT in regulated EU markets.
Momentum remained on August 16 following the launch of two additional use cases by Mantle and Bybit. These included the “Double Win” on Bybit Earn and the “Crypto Content Creator Campus.” Both provided further utility for MNT, further enhancing investor sentiment and driving momentum in the face of the current weekend price rally.
Price Forecast and Market Outlook
Despite strong performance, the derivative data reveal severe short positioning at $1.31–$1.40. Coinglass revealed $5 million worth of shorts in the region, which accounted for 93% of new bearish bets. Such aggregation offers resistance, but simultaneously, it escalates the probability of a short squeeze, pushing more strength upwards.
The long positions continue to be larger than the shorts, at $16 million versus $5.74 million, according to the derivatives data; 24-hour volume in the MNT surged to $599.3 million, the weekly high. This underscores the depth of market participation, reflecting strong demand that continues to support Mantle’s accelerating bullish trajectory.
Also Read: Bitcoin Price Soars, Analysts Eye October 2025 for Next Market Top
