{"id":50351,"date":"2025-04-08T08:30:19","date_gmt":"2025-04-08T08:30:19","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/mnt-usd-nears-5-milestone-as-mantles-treasury-tops-3-8b\/"},"modified":"2025-04-08T08:30:19","modified_gmt":"2025-04-08T08:30:19","slug":"mnt-usd-nears-5-milestone-as-mantles-treasury-tops-3-8b","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/mnt-usd-nears-5-milestone-as-mantles-treasury-tops-3-8b\/","title":{"rendered":"MNT\/USD nears $5 milestone as Mantle\u2019s treasury tops $3.8B"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<ul>\n<li>MNT\/USD forms ascending triangle since late 2023.<\/li>\n<li>Between 200,000 and 500,000 daily transactions recorded.<\/li>\n<li>DeFi drives 65% of gas fees, market cap stands near $2.6 billion.<\/li>\n<\/ul>\n<p class=\"\" data-start=\"82\" data-end=\"687\">The MNT\/USD trading pair is gaining attention across crypto markets as a potential breakout nears.<\/p>\n<p class=\"\" data-start=\"82\" data-end=\"687\">Mantle, the Ethereum layer-2 project behind the token, has formed an ascending triangle pattern on the price chart since late 2023.<\/p>\n<p class=\"\" data-start=\"82\" data-end=\"687\">This setup typically indicates rising buying pressure and a looming price move.<\/p>\n<p class=\"\" data-start=\"82\" data-end=\"687\">While resistance at $1.35 has repeatedly held firm, higher lows have created a tightening range that traders believe could result in a breakout toward $5.<\/p>\n<p data-start=\"82\" data-end=\"687\"><\/p>\n<p data-start=\"82\" data-end=\"687\">Source: <a href=\"https:\/\/coinmarketcap.com\/currencies\/mantle\/\">CoinMarketCap<\/a><\/p>\n<p class=\"\" data-start=\"82\" data-end=\"687\">Meanwhile, Mantle&rsquo;s fundamentals, including a $3.8 billion treasury and $67 million in annual revenue, are strengthening investor interest.<\/p>\n<h2>Triangle pattern signals breakout<\/h2>\n<p class=\"\" data-start=\"745\" data-end=\"1115\">Since early 2024, MNT\/USD has steadily maintained a series of higher lows, forming the lower bound of an ascending triangle pattern.<\/p>\n<p class=\"\" data-start=\"745\" data-end=\"1115\">The upper resistance line, marked at $1.35, has seen several tests through 2024 and early 2025 but has yet to be breached.<\/p>\n<p class=\"\" data-start=\"745\" data-end=\"1115\">The market structure indicates consolidation, with price compression creating conditions favourable to a breakout.<\/p>\n<p class=\"\" data-start=\"1117\" data-end=\"1462\">A historical rally in late 2023 triggered renewed market focus on the token, as a steep green bar marked a sharp vertical rise.<\/p>\n<p class=\"\" data-start=\"1117\" data-end=\"1462\">That level has since acted as a key reference point for support and resistance zones.<\/p>\n<p class=\"\" data-start=\"1117\" data-end=\"1462\">Momentum has not yet been strong enough to surpass the $1.35 cap, but the support trendline has held consistently since early 2024.<\/p>\n<p class=\"\" data-start=\"1464\" data-end=\"1714\">Traders following the chart note that if the support trendline breaks, the bullish structure could fail.<\/p>\n<p class=\"\" data-start=\"1464\" data-end=\"1714\">Until then, the pattern remains intact, with eyes on volume activity as a critical indicator for whether the breakout is genuine or a false move.<\/p>\n<h2>Mantle reserves hit $3.8B<\/h2>\n<p class=\"\" data-start=\"1764\" data-end=\"2121\">Beyond the chart, Mantle&rsquo;s on-chain fundamentals have reinforced the bullish setup.<\/p>\n<p class=\"\" data-start=\"1764\" data-end=\"2121\">According to recent data, the project currently holds $3.8 billion in reserves, making it the largest community-governed treasury in the cryptocurrency sector.<\/p>\n<p class=\"\" data-start=\"1764\" data-end=\"2121\">These funds are held in liquid assets such as ETH and stablecoins, giving Mantle significant capital flexibility.<\/p>\n<p class=\"\" data-start=\"2123\" data-end=\"2492\">Additionally, Mantle has generated $67 million in annual protocol revenue, while distributing $50 million back to its user base.<\/p>\n<p class=\"\" data-start=\"2123\" data-end=\"2492\">This flow of value highlights active community participation and underlines the project&rsquo;s sustainability in a volatile sector.<\/p>\n<p class=\"\" data-start=\"2123\" data-end=\"2492\">Mantle&rsquo;s ecosystem continues to grow with a strong emphasis on capital efficiency and infrastructure reliability.<\/p>\n<h2>65% of gas used by DeFi<\/h2>\n<p class=\"\" data-start=\"2542\" data-end=\"2857\">Mantle has seen steady adoption across decentralised finance (DeFi) applications, with DeFi usage accounting for 65% of its gas fee expenditure.<\/p>\n<p class=\"\" data-start=\"2542\" data-end=\"2857\">Current network statistics show daily transactions ranging between 200,000 and 500,000, reinforcing the idea that the project supports active and consistent usage.<\/p>\n<p class=\"\" data-start=\"2859\" data-end=\"3200\">Analysts believe this usage depth could support long-term price appreciation.<\/p>\n<p class=\"\" data-start=\"2859\" data-end=\"3200\">With a market capitalisation of approximately $2.6 billion, Mantle ranks among the more prominent layer-2 solutions.<\/p>\n<p class=\"\" data-start=\"2859\" data-end=\"3200\">Continued integration with DeFi projects could push transaction volume even higher, contributing to sustained growth and increased token velocity.<\/p>\n<h2>Break above $0.86 targets $1<\/h2>\n<p class=\"\" data-start=\"3254\" data-end=\"3634\">While $1.35 remains the major resistance, analysts also highlight $0.86 as a short-term key level.<\/p>\n<p class=\"\" data-start=\"3254\" data-end=\"3634\">Breaching this level could lead to a rapid push toward $1, given the psychological significance and previous trading behaviour in this zone.<\/p>\n<p class=\"\" data-start=\"3254\" data-end=\"3634\">A confirmed breakout past $1.35 would then open the door to a potential move toward $5, based on the measured move from the triangle&rsquo;s base.<\/p>\n<p class=\"\" data-start=\"3636\" data-end=\"3897\">Market participants are monitoring volume for confirmation.<\/p>\n<p class=\"\" data-start=\"3636\" data-end=\"3897\">If the breakout is supported by a spike in buying activity, MNT\/USD could enter a new rally phase.<\/p>\n<p class=\"\" data-start=\"3636\" data-end=\"3897\">Conversely, a breakdown below the trendline would shift sentiment and could delay any upward momentum.<\/p>\n<p>The post <a href=\"https:\/\/coinjournal.net\/news\/mnt-usd-nears-5-milestone-as-mantles-treasury-tops-3-8b\/\">MNT\/USD nears $5 milestone as Mantle\u2019s treasury tops $3.8B<\/a> appeared first on <a href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n<p><a href=\"https:\/\/coinjournal.net\/news\/mnt-usd-nears-5-milestone-as-mantles-treasury-tops-3-8b\/\">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 ) MNT\/USD forms ascending triangle since late 2023. Between 200,000 and 500,000 daily transactions recorded. DeFi drives 65% of gas fees, market cap stands near $2.6 billion. The MNT\/USD trading pair is gaining attention across crypto markets as a potential breakout nears. [&hellip;]<\/p>\n","protected":false},"author":3947362361,"featured_media":50352,"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\/50351"}],"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\/3947362361"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=50351"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/50351\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/50352"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=50351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=50351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=50351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}