Mantle (MNT) cools down after reaching a new ATH – What message is the market sending?

Mantle ( MNT ) has recorded an impressive increase of 11% in the past 24 hours ( as of the time of writing ), extending a steadily upward trend since this token was listed on the Bit exchange on August 28.

Notably, the increase of MNT occurs alongside a surge in trading volume and the participation level of retail investors, reflecting that short-term momentum is becoming stronger than ever.

Coin Photon will delve into the factors behind the latest breakout of MNT, as well as the points that traders should pay special attention to in the upcoming period.

Retail investor activity drives short-term momentum

The "Futures Retail Activity" data from CryptoQuant shows that the accumulated order volume has surged around the current price level, clearly reflecting the trend that retail investors are becoming the main driving force of this rally.

The strong entry of this group of investors not only improves overall market liquidity but also helps the price of MNT maintain stability during the short-term corrections of the last two sessions.

However, high volatility also means a risk of a deep correction if profit-taking pressure increases from traders who have opened long positions previously.

Source: CryptoQuantIn addition, the trading volume data continues to reinforce the positive picture as CryptoQuant's "Volume Bubble Map" records a clear "warming up" state in both the Spot and Futures markets.

Overall, the growth in volume and participation levels reflects the strong confidence of the bulls, while also attracting new capital inflows into the market.

Source: CryptoQuant## The momentum from Mantle's tokenization strategy

The recent price increase of Mantle occurred just after the project introduced two important initiatives — Tokenization-as-a-Service (TaaS) and Global RWA (Real World Assets) — only 5 days ago.

Since that time, the total market capitalization of stablecoins on the Mantle network has increased to 732.78 million USD, corresponding to a weekly increase of 4.27%, according to data from DeFiLlama. Among them, USDT still maintains its dominant position with a rate of 69.1%.

Observers believe that the additional liquidity flow from these two programs will not only strengthen the upward momentum of Mantle but also expand the practical applicability of the MNT token throughout the ecosystem.

Source: DefiLlama## Can the uptrend continue?

With technical signals indicating strong buying power and improving fundamentals, market sentiment around MNT currently leans towards an upward trend.

On TradingView, the Stochastic RSI indicator is at 87 – deep in the overbought zone ( – indicating that the upward momentum may be entering a temporary pause. After a strong bounce of 11% in the past 24 hours, MNT is currently trading around 2.25 USD, just slightly below the daily high of 2.41 USD.

![])https://img-cdn.gateio.im/webp-social/moments-3833c79a3b864ccad0a5682165995841.webp(Source: TradingViewThis signal indicates that the price may temporarily adjust to the support area of 2.09 USD before gaining momentum for a new upward phase. However, the medium and long-term outlook for MNT is still considered positive, as the fundamental platform continues to strengthen and retail money continues to play a leading role in driving trends.

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