{"id":31990,"date":"2024-06-06T09:44:32","date_gmt":"2024-06-06T09:44:32","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/mantle-price-outlook-heres-why-mnt-is-soaring\/"},"modified":"2024-06-06T09:44:32","modified_gmt":"2024-06-06T09:44:32","slug":"mantle-price-outlook-heres-why-mnt-is-soaring","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/mantle-price-outlook-heres-why-mnt-is-soaring\/","title":{"rendered":"Mantle price outlook: Here\u2019s why MNT is soaring"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/06\/mantle-mnt-token-logo-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/06\/mantle-mnt-token-logo-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/06\/mantle-mnt-token-logo-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/06\/mantle-mnt-token-logo-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Mantle price rose 6% to above $1.04, with gains coming as Bitcoin (BTC) retested the $71k level.<\/span><\/li>\n<li>MNT price had struggled to break out of a tight range.<\/li>\n<li>Network developments and the overall crypto market outlook could help MNT price higher.<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Mantle (MNT) price currently changes hands around $1.04 after jumping more than 6% in the past 24 hours alongside Bitcoin\u2019s spike to above $71,000. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The cryptocurrency\u2019s daily trading volume is up 110% to over $13o million in this period as Mantle trends among the best performers in the top 100 coins by market cap.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">MNT price surges amid crypto bounce<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Today\u2019s gains for MNT price came as <a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin\/\">Bitcoin price<\/a> surge to above $71k, with bulls taking advantage as spot BTC ETFs recorded an 11<\/span><span style=\"font-weight: 400\">th<\/span><span style=\"font-weight: 400\"> consecutive trading day of net inflows.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Analysts are bullish on BTC, and projections for ETH amid spot Ethereum ETF approval could also contribute to MNT price going up.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Notably, MNT surged more than 40% in March, breaking above $1 as bullish momentum eventually pushed the token\u2019s value to an all-time high above $1.50 in April.<\/span><\/p>\n<p><span style=\"font-weight: 400\">While MNT benefitted from listing on South Korea\u2019s largest crypto exchange Upbit, the parabolic rise that catapulted BTC to its ATH may also have fueled the upswing. The project\u2019s introduction of the Mantle Rewards Station also added to the positive sentiment.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Mantle price \u2013 are bulls ready to run?<\/span><\/h2>\n<p><span style=\"font-weight: 400\">While MNT price has struggled since dipping below $1.40 in mid-April, it\u2019s likely a new push in the SocialFi and gaming dApps space has Mantle poised for a fresh rally.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Mantle recently revealed it had deployed a <a href=\"https:\/\/x.com\/0xMantle\/status\/1798406191401640108\" target=\"_blank\" rel=\"noopener\">$5 million ecosystem fund<\/a> to support projects such as MetaCene, Blade Games, Co-Museum and Fingerlabs. The initiative has boosted the network\u2019s protocols across lending, <a href=\"https:\/\/coinjournal.net\/news\/mantle-launches-liquid-staking-protocol-on-ethereum-mainnet\/\">liquid staking<\/a>, DEX, yield and <a href=\"https:\/\/coinjournal.net\/news\/mantle-expands-to-rwa-via-ondo-finances-usdy\/\">RWA<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Data from DeFiLlama <a href=\"https:\/\/defillama.com\/chain\/Mantle\" target=\"_blank\" rel=\"noopener\">indicates<\/a> the Total Value Locked (TVL) across these projects has nearly doubled in the past month. Per the details, Mantle TVL currently stands at around $463 million, up from approximately $252 million in early May.<\/span><\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/x\/UCyhPXt2\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-206808\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2024\/06\/MNTUSDT_2024-06-06_11-58-33.png\" alt=\"\" width=\"1074\" height=\"545\"\/><\/a><\/p>\n<p><span style=\"font-weight: 400\">MNT price on the daily chart is within a key range marked by the Bollinger bands. If bulls break higher, a decisive move above $1.10 may allow for a retest of the resistance line at $1.26.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The RSI and MACD indicators, however, suggest bears are not completely out of the picture. Primary support levels in case of a downward flip would include $0.94 and $0.78.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/mantle-price-outlook-heres-why-mnt-is-soaring\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Mantle price rose 6% to above $1.04, with gains coming as Bitcoin (BTC) retested the $71k level. MNT price had struggled to break out of a tight range. Network developments and the overall crypto market outlook could help MNT price higher. [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":31991,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31990"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=31990"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31990\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/31991"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=31990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=31990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=31990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}