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>>Novice

>>Mantle's value soared by 31% this week, bucking the broader market decline, fueled by growing adoption of Real World Assets (RWAs) and a significant USD1 deal.

Mantle's value soared by 31% this week, bucking the broader market decline, fueled by growing adoption of Real World Assets (RWAs) and a significant USD1 deal.

crypthub

1 day ago

Mantle’s Recent Price Surge

Mantle (MNT) has significantly outperformed the market, experiencing a daily increase of 4% and a weekly gain of 31%, reaching near $2.44 after hitting a new high. This growth is linked to Mantle’s unveiling of a compliance-focused Real-World Assets (RWA) “Tokenization-as-a-Service” suite. The network’s integration with World Liberty Financial’s USD1 stablecoin has bolstered its credibility within the DeFi and payments space. This combination of factors has driven substantial investor interest.

Increased Trading Volume and Technical Indicators

Trading activity has exploded recently, with daily volume rising to over $612 million and market capitalization nearly doubling to $7.3 billion. Open interest in derivatives has increased, and funding rates remained positive for several weeks. Technical indicators like the “golden cross” of moving averages and a bullish MACD suggest continued upward momentum. Despite this, “smart money” holdings have decreased, signaling possible profit-taking.

Future Outlook and Key Levels

The price trend for MNT remains positive, with immediate support around $2.00–$2.10. A move above $2.60 would be significant, potentially paving the way for a move toward $2.85–$3.00. The network’s success is tied to the ongoing development of its RWA pipeline and the planned launch of USD1 liquidity.