Mantle Surges 26% Toward Highest Level in 16 Months

Mantle (MNT) has distinguished itself in a market where most altcoins have faced difficulties recently. Over the past week, MNT has increased by 26%. This has drawn interest from retail and institutional investors alike. Currently trading at $1.37, just above its support level of $1.26, the token’s momentum points to potential further gains while urging traders to remain cautious.

Futures Launch Boosts Liquidity

A key factor behind MNT’s rally is the upcoming launch of perpetual futures on Coinbase International, set for August 21, 2025. This follows Bybit’s recent integration of MNT across Earn, OTC, and the EU Launchpool, which offered a 36% APR.

Bybit currently handles about 37% of MNT’s $717 million daily trading volume, so the Coinbase listing could bring even larger flows, potentially including institutional investors. Historically, tokens often see a pre-listing rally as traders anticipate increased activity. Investors should still monitor post-launch volume closely, since a “sell the news” reaction is possible if open interest does not hold.

Overall, MNT is shifting from a retail-driven rally toward broader market participation. With support from major exchanges, it now has greater visibility to international investors, which may drive both gains and short-term swings. The key question is whether MNT can sustain its gains after initial excitement fades.

Exchange Incentives Push MNT Higher

Along with that, Bybit’s promotional campaigns have prompted increased retail activity in MNT. The introduction of a 250,000 USDT prize pool, along with insights from former executives Helen Liu and Emily Bao, helped push 24-hour trading volume up. This demonstrates how exchange-focused activities can trigger temporary increases that are not directly tied to market fundamentals.

Promotional activity can stimulate demand but also heighten volatility. The 7-day EMA at $1.25 remains a key support, while the RSI at 75.3 points to overbought conditions. Should these rewards decline, buying pressure may ease, and a short-term pullback could occur.

The recent MNT rally reflects both technical momentum and strategic exchange promotions. Traders aiming for sustained performance should monitor both short-term enthusiasm and fundamental support levels near $1.26.

Key Technical Resistance Points

From a technical perspective, MNT faces resistance around $1.40, just below its April 2024 all-time high of $1.50. The token has developed a rising wedge pattern, often signaling a possible reversal, even as it remains above key moving averages. A daily close above $1.40 may spark further momentum toward $1.50, driven by FOMO and growing accumulation.

Still, with overbought indicators and Fibonacci retracement levels close to $1.23, pullbacks remain possible. The trajectory of MNT will depend on the market’s strength in handling higher Coinbase volume and continued buying from retail investors. The next few days will determine whether the token secures its gains or faces a brief correction.

What’s Next for Mantle?

Mantle’s recent surge highlights a strong mix of technical momentum and exchange-driven interest. With a 26% gain over the past week, MNT has captured attention from both retail and institutional investors, showing potential for further upside while remaining above key support levels.

However, overbought conditions and short-term resistance near $1.40 suggest caution. Its next moves will depend on sustained trading activity, post-listing momentum, and whether demand from promotions can continue to support its price.