Mantle (MNT) Soars 20%, Stellar (XLM) Jumps 16%: Are Altcoins Heating Up?
Main Idea
Mantle (MNT) and Stellar (XLM) have experienced significant price surges, driven by ecosystem developments and positive market sentiment, signaling potential growth in the altcoin market.
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.
Description
Mantle (MNT) has surged over 20% in the last 24 hours, breaking back above the $1 level Stellar (XLM) has jumped 16%, boosted by the positive resolution of the Ripple vs. SEC lawsuit The strong performance of these two altcoins could be an early signal of a broader market rally Mantle (MNT) has exploded over 20% in the past 24 hours, with its trading volume skyrocketing by more than 134% as the token broke back above the key $1 level. At the same time, Stellar (XLM) has jumped 16%, signaling tha...
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