Key points to remember
What motivates the 11 % mantle rally?
The growing participation of retailers and volume peaks on cash and term markets have strengthened MNT’s short -term dynamics.
What could limit MNT’s additional increase?
An overheated RSI around 87 indicates possible short -term corrections before the fundamentals of Mantle regain control.
Mantle (MNT) won 11% in 24 hours at the time of publication, extending its constant upward trend which started after its rating on Bitfinex on August 28.
This increase has coincided with an increase in transactions of transactions and the participation of individuals, signaling a stronger dynamic in the short term.
Ambcrypto explains what feeds MNT’s last decision and what the traders should then monitor.
Retail activity stimulates short -term dynamics
The data on the term retail activity ultimately cryptocurrency showed an increasing accumulation of orders close to current price levels, suggesting that retail merchants have led the rally.
The growing participation of retailers has added liquidity and helped to damage prices during short folds in the last two sessions.
However, high volatility could trigger a clear decline if the profits increase among the traders already holding long positions.
Source: crypto
That’s not all: commercial activity has also aligned the current rally. The cryptocurrency volume bubble card has shown “warming” conditions on cash and term markets.
This indicates growing participation in the market, adding support to MNT holders already in a long position and strengthening the confidence of potential investors.
Source: crypto
Management of the Mantle tokenization thrust
The latest upward trend follows the recent launch by Mantle of its Tokenization-As-A-Service (TAAS) and Global Rwa initiatives just five days ago.
Since then, the Stablecoin market capitalization of the network has reached $ 732.78 million, a weekly gain of 4.27 % according to Defillama data, with a domination of the USDT at 69.1 %.
The additional liquidity resulting from these programs could support the dynamics of mantle prices and increase the usefulness of the market for MNT holders.
Source: defillama
Can the upward trend continue?
With a technical table showing strong purchase pressure and an improvement in the fundamentals of Mantle, the feeling around MNT remained bullish.
The Stochastic RSI on TradingView showed values close to 87, at the time of the editorial staff, deeply in the Surachat area. After a daily leap of 11 %, the MNT is exchanged at $ 2.25, slightly below its intra -day summit of $ 2.41.
Source: tradingView
This reading alludes to short -term fatigue, with potential retirements towards the $ 2.09 gap before a new increase in increase. Nevertheless, the long -term perspectives have remained optimistic given the expansion of the fundamentals of Mantle and the dynamics of retail.
