Mantle was trading near $0.79 after gaining more than 10% in 24 hours on March 15. Trading volume increased by 81.53% to $117.67 million.
The increase in activity suggests that traders returned to MNT markets as liquidity improved on exchanges.
In fact, the strong volume expansion reflects stronger participation following recent price stabilization.
Mantle (MNT) also maintained its recovery range after weeks of sustained downside pressure.
This stability suggests that traders are increasingly viewing the current area as a possible base for accumulation.
Can Mantle break KEY resistance?
After months in an extended descending channel, Mantle has rebounded from the $0.60 support area.
The recovery pushed the price towards the next resistance near $0.93. This level previously served as structural support.
However, the market is now approaching this area from below, creating an obvious technical inflection point.
Buyers continued to defend higher lows as the price gradually increased from the recent base.
Technical indicators reflected improving momentum following the prolonged downtrend. The MACD histogram turned positive, while the MACD line remained above the signal line.
This change indicates that selling pressure has weakened compared to previous phases of decline.
Despite this, the recovery remained early and still required sustained strength above nearby resistance.
Traders therefore focused on whether MNT could reclaim the $0.93 level.
A break above this zone could improve market structure and attract additional speculative participation.
Buyers Take Back Control in Mantle Spot Markets
Spot activity has also shifted to buyers based on the Spot Taker CVD indicator. The metric showed Taker Buy Dominance, meaning that market buy orders exceeded aggressive sell orders.
This change reflects the growing conviction of participants accumulating NCDs in spot markets.
As buyers absorbed available supply, price stability improved after a prolonged decline.
Additionally, higher order flow suggests that new demand has entered the market during the recovery phase.
Rising open interest rates signal growing speculation
Derivatives activity has also accelerated on the futures markets.
Open interest climbed 13.22% to $58.35 million, indicating an increase in active leveraged positions. This expansion suggests that traders have opened new futures positions around the ongoing rally.
However, the increase in Open Interest could amplify volatility if the positioning becomes saturated.
This has traders wondering if speculative momentum could support Mantle’s rebound.
Mantle’s rebound from $0.60, increased trading volume, dominant buy order flow, and expanding open interest indicate strengthening bullish pressure.
Despite this, the price approached the $0.93 resistance zone, the next major structural level.
If buyers maintained control in the spot and derivatives markets, Mantle could extend its rally into areas of higher liquidity.
However, failure to regain resistance could keep the MNT within a larger consolidation structure.
Final Summary
- Mantle (MNT) traded near $0.79 after gaining more than 10% in 24 hours, with trading volume up 81.53% to $117.67 million.
- The price rebounded from the $0.60 support area and approached the key resistance level at $0.93, marking a critical technical inflection point.
