$MNT Bulls Charge Past $0.91, But Overheated RSI Warns of Consolidation
Main Idea
Mantle's native token MNT surged 15.6% to $0.91, driven by Layer-2 upgrades and growing DeFi adoption, but the RSI indicates potential consolidation.
Key Points
1. Mantle's MNT token reached $0.91 with a 15.6% surge, boosting its market cap to $2.95 billion.
2. Key upgrades include EigenDA integration, expanding data availability operators from 10 to over 200, and the launch of the $400M Mantle Index Four (MI4) fund.
3. DeFi TVL on Mantle stands at $233 million, up 2.4% in 24 hours, reflecting strong adoption.
4. The RSI at 73.81 suggests potential overheating, indicating a possible price pullback or consolidation.
5. Mantle's roadmap includes ZK proofs and expanded DA bridges, aiming for progressive decentralization.
Description
Mantle’s $MNT token jumped 15.6% to $0.91 as traders piled into the Layer-2 network amid surging DeFi activity. While the asset’s technical indicators show the move may be overheating, the broader picture reveals a network gaining serious traction. With major upgrades rolling out and key partnerships forming, Mantle appears to be hitting its stride at just the right moment in Ethereum’s scaling race. Source: Coingecko Mantle Hits $2.95B Market Cap: Can It Overtake Top L2s? Mantle is a modular La...
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