Mantle (MNT) is bucking the broader market downturn, jumping 4% daily and 31% weekly to trade near $2.44 after printing a new all-time high at $2.47 (Oct. 7).
The catalyst stack is clear: Mantle unveiled a compliance-first Real-World Assets (RWA) “Tokenization-as-a-Service” suite at Token2049, positioning the L2 as one of the few ecosystems building institutional-grade RWA rails.
Momentum accelerated as World Liberty Financial confirmed its USD1 stablecoin, currently the #6 stablecoin with $2.6 billion cap, will launch on Mantle, a credibility boost for the network’s DeFi and payments footprint.
A deeper “Mantle × Bybit Roadmap” adds distribution as Bybit processes over $30 billion in daily volume, offering Mantle instant visibility to a global trading base.
On the chart, MNT invalidated a textbook bearish rising-wedge by breaking upward, then stacked short-term MAs above long-term, with a 50/200-day “golden cross” and a bullish MACD backdrop to match the narrative.
One yellow flag, “smart money” holdings slid 49% over 30 days to 18.1 million MNT (Nansen), implying selective profit-taking into strength. That doesn’t break the uptrend, but it does argue for disciplined risk management and attention to spot-led versus leverage-led pushes.
Technically, MNT’s structure remains constructive. Immediate support sits near $2.00–$2.10 (watch the $2.09 gap); holding above keeps the higher-low sequence intact.
Overhead, $2.60 is the next inflection and a psychological line in the sand; a high-volume daily close above $2.60 would set up a measured move toward $2.85–$3.00.
Failure to reclaim $2.60 on rising volume raises the odds of a reset into the $2.20s, where bulls will try to defend momentum against the backdrop of a softer crypto tape.
In a week where majors wobbled, MNT’s breakout underscores where capital is rotating: networks shipping product-market fit, liquidity on-ramps, and institutional-friendly primitives. If the RWA pipeline and USD1 liquidity arrive on schedule, Mantle’s bid to sustain price discovery above ATHs remains open.
Cover image from ChatGPT, MNTUSD chart from Tradingview
