Mantle (MNT) Soars 20%, Stellar (XLM) Jumps 16%: Are Altcoins Heating Up?

Key Points

1. Mantle (MNT) surged over 20% in 24 hours, breaking above $1, with trading volume up 134%, fueled by ecosystem developments like Bybit's push for Mantle Network 2.0.

2. Stellar (XLM) jumped 16% with a 260% spike in trading volume, influenced by the resolution of the Ripple vs. SEC lawsuit and its own 'Protocol 23' developments.

3. Technical indicators for MNT show a rising wedge pattern and RSI near overbought at 74.98, suggesting potential for further gains toward $1.20.

4. XLM's daily chart indicates a breakout attempt from a widening wedge, with momentum indicators improving; next targets are $0.50 and $0.54 if it sustains above $0.46.

5. The rallies in MNT and XLM suggest growing trader interest in altcoins, especially as Bitcoin nears its all-time high, potentially signaling a broader altcoin market rally.