Key Points
- Mantle’s price has surged by 20%, reaching an all-time high of $2.84, outperforming other altcoins.
- Analysts predict the rally can continue due to strong bullish sentiment and increased daily trading volumes.
Amid a period of consolidation in the wider crypto market, the price of Mantle has seen a significant 20% increase, achieving a record high of $2.84. This impressive rise extends Mantle’s monthly gains to an incredible 130%. This performance has seen Mantle outstrip other top-performing altcoins like BNB in terms of monthly returns. As this rally continues, analysts are considering the next steps for investors.
Continued Bullish Sentiment for Mantle
The surge in Mantle’s price to an all-time high of $2.84 is accompanied by a 75% increase in daily trading volumes, now reaching $840 million. This indicates a strong bullish sentiment among traders and investors. Additionally, Mantle’s futures open interest has risen by 14.11% to $487 million, as per data from CoinGlass.
Alpha Crypto Signal, a crypto analytics platform, reported that Mantle has demonstrated a textbook breakout and continuation move. After breaking out of an ascending channel and maintaining support above the $1.90–$2.00 zone, Mantle extended its rally to $2.87.
This surge was driven by strong trading volume and a clear trend structure, suggesting that the positive momentum for Mantle’s price is genuine. Analysts noted that as long as Mantle remains above the previous breakout zone, the bullish bias will continue.
Crypto analyst Ali Martinez observed that Mantle continues its upward trajectory with no signs of reversal. Martinez maintains a target price of $3.60, indicating further bullish potential for the token.
Expansion into Real-World Assets Fuels Mantle’s Rally
Mantle’s recent surge is attributed to its expansion into real-world assets (RWA). At the Token2049 event, the team introduced Tokenization-as-a-Service (TaaS), providing institutions with a comprehensive framework for compliant asset tokenization, including KYC, licensing, audits, and secure deployment. Emily Bao, Key Advisor at Mantle, commented on this development.
Furthermore, Mantle’s price momentum is also driven by the launch of the USD1 stablecoin on the network. Backed by the Trump family’s World Liberty Financial, the USD1 stablecoin is ranked as the sixth-largest stablecoin with a $2.6 billion market cap.
