Mantle (MNT) Surges 30% as Bulls Target $3 Breakout

Mantle (MNT) has reignited its bullish momentum with a stunning 30% surge in the past 24 hours, reclaiming the $2.20 level after dipping as low as $1.50 over the weekend. This swift rebound underscores renewed buyer confidence following last week’s sharp correction from record highs. While MNT remains below its $2.84–$2.86 all-time high, the strong recovery suggests bulls are regaining control, potentially setting the stage for another push toward the upper range if momentum holds.

The surge is supported by explosive market activity across both spot and derivatives markets. Daily trading volume exploded more than 60% to approximately $1.2 billion, while futures open interest climbed 9% to $269.7 million. This combination signals that speculative demand is accelerating alongside spot buying, indicating broad-based participation in the rally rather than isolated market moves.

Beyond the technical charts, Mantle’s rally is grounded in clear fundamental catalysts. The network’s Tokenization-as-a-Service (TaaS) stack is pulling real-world asset issuers on-chain, creating new utility and demand for the MNT ecosystem. This infrastructure positions Mantle at the forefront of the growing real-world asset tokenization trend, providing a sustainable growth driver beyond speculative trading.

The recent launch of USD1, a new stablecoin building on Mantle, is injecting fresh liquidity and utility into its DeFi rails. This development enhances the network’s financial infrastructure and creates additional use cases for MNT within the ecosystem. Meanwhile, Mantle’s deepening integration with Bybit—including treasury programs, listings, and roadmap alignment—is funneling sustained order flow rather than one-off hype, providing consistent market support.

Analysts also highlight Mantle’s modular design as a key competitive advantage. The architecture, which executes on Mantle with EigenDA for data availability and incorporates OP-stack upgrades, lowers transaction costs and improves throughput. These technical advantages are particularly important for tokenization, trading, and payments use cases, positioning MNT for long-term ecosystem growth.

From a technical perspective, momentum favors further upside as market structure remains intact. A decisive close above $2.87 could open the door to the psychological $3.00 barrier, with extended targets near $3.60 if volume and open interest continue to rise. The clean breakout above $2.00 was followed by strong follow-through and a steady series of higher lows, indicating healthy price action.

On the downside, $2.50–$2.55 serves as initial intraday support, followed by the critical must-hold $1.90–$2.00 zone. Losing this demand area would risk a deeper retrace toward $1.60–$1.75, where buyers last reloaded positions. For now, the combination of breadth across both spot and derivatives markets, rising participation, and a tight, orderly trend argues for trend continuation rather than a blow-off top scenario.

As long as price holds the $1.90–$2.00 demand zone, the bull structure remains intact, with traders closely watching the $2.87 recent high and the psychological $3.00 mark as the next significant resistance levels. The current market conditions suggest that MNT has established a solid foundation for potential further gains, provided the fundamental catalysts continue to drive ecosystem growth and adoption.