Mantle (MNT) has touched a new all-time high (ATH) after weeks of steady gains, giving traders something to cheer about. The token climbed to $1.62 on Wednesday, crossing its earlier peak of $1.43 set in September 2024.
Mantle’s market cap has crossed $5.2 billion, and trading activity has picked up sharply. In the last 24 hours alone, over $703 million worth of MNT changed hands, a jump of nearly 42% from the day before.
A Steady Climb Turns Into a Breakout
For much of this year, Mantle had been moving in a wide range, trading as low as $0.55 and struggling to break past resistance levels near $1.30 to $1.40. That changed this week when the price broke above $1.40, cleared $1.50, and quickly set a new record.
In the last seven days, Mantle has gained more than 42%, and over the last month, it is up by almost 60%.
The surge has caught a lot of attention, and now both regular traders and bigger investors are jumping in to take part.
Why the Price is Surging?
Two things have really pushed Mantle up lately.
First, Bybit, one of the biggest crypto exchanges, added Mantle with 21 trading pairs. On top of that, they set up a $60,000 reward program, which got a lot of people buying and holding MNT.
Second, Coinbase introduced Mantle’s futures trading on its international platform on August 21, opening the door for bigger investors to participate. Both moves added liquidity and visibility, helping Mantle attract stronger demand.
What to Watch Next?
At the time of writing, Mantle was holding near $1.58, just shy of its fresh high. If the strong buying continues, the price could stretch past $1.60, but the quick run-up also means some traders may decide to cash out.
Mantle breaking its old record shows it’s got strong momentum. Big exchanges like Bybit and Coinbase backing it have brought more attention and investor confidence. Now the key thing is whether it can hold above $1.50 and keep moving up, or if some traders taking profits will slow the rally after hitting the new high.
Also Read: BNB Clears $700 With Momentum, Next Stop: $1,100?
Disclaimer: The Crypto Times does not endorse or promote this digital asset in any manner. This article was created only for educational purposes. Make sure to “DYOR” as the market is highly volatile. New positions should be done by traders being careful and awaiting volume-backed breakouts.
