- The price of mantle rose to about $0.70, supported by the increase in volume.
- Daily indicators (RSI, MACD) tend to move higher in the short term, but the price remains below the critical line.
- The main resistance comes at $0.71 and support at the $0.60-$0.57 zone.
Mantle rose nearly 10% on Thursday, reaching a high of $0.69 as the altcoin rally lifted the market.
The move reflects the profitability of several mid-market projects, including Hyperliquid, Zcashand NEAR, and was accompanied by increased commercialization and renewed interest in real world material (RWA) inclusions within the Mantle environment.
Although the technical picture supports the short-term continuation, the bears remain active near the intraday peak, and a pullback is inevitable.
The mantle price returns to the barrier near $0.70
The daily trend of MNT token showed a definite test of an important psychological and technical level at $0.70.
The move comes as the bulls try to find a second green daily candle following the recent low to $0.61.
Of course, the volume of sales increased along with the conference, rising 116% to $46 million and reflecting the buying interest.
Mantle is one of the crypto tokens that benefit from the growing market discussion around RWA projects, where institutional demand is expected to rise if the SEC goes ahead and allows the trading of blockchain-based tokenized stock.
Recent environmental changes have also supported bullish sentiment. These include xStocks including xChange (Atomic RFQ) on Mantle, the implementation of $BILL, and KelpDAO which supports rsETH clearing, blocking, and claims.
However, the important question remains whether MNT can break through the $0.70 trading area.
The price of shares MNT
The recent rally has put Mantle in a short-term position of power.
Daily technical indicators show a relatively strong Relative Strength Index (RSI), while the MACD is showing a potential crossover, which supports further upside.
The recovery of MNT above the level of $ 0.65 also puts the indicator above the short-term moving average, which encourages some buying activity from fast traders.
However, the broader indicators still show mixed feelings.
