Mantle ($MNT) Jumps 4.6% to $1.07 – Breakout Ahead or Bull Trap?

Key Points

1. Mantle's $MNT token increased by 4.6% to $1.07, fueled by solid fundamentals and a strategic partnership with EigenLayer.

2. Mantle is a leading Ethereum Layer-2 (L2) solution and the first L2 to partner with EigenLayer for its data-availability module.

3. The network's TVL stands at $242.65 million, with recent developments like the $400 million MI4 tokenized fund aiming to boost adoption.

4. Mantle's price rally from $0.66 to $1.06 showed strong buying volume but now faces resistance and aggressive selling pressure.

5. Key support levels to watch are $1.02–$1.03, with potential for a reattempt at $1.06 if support holds.