Mantle Token Surges Towards $1.41 Target Amid Technical Analysis and On-Chain Growth
Renewed Momentum in Mantle Token Price
In early August 2025, Mantle's native token, MNT, broke past the $0.85 mark, indicating a resurgence in momentum following a period of consolidation. This price rally has attracted significant interest from traders and investors, especially as the token approaches key resistance levels crucial for its valuation. Currently trading near $0.88, MNT is seen as a potential candidate for a 65% move towards the $1.41 target, backed by technical analysis and on-chain activity.
Strong Fundamentals Driving Price Rally
The recent surge in MNT price reflects a similar movement seen in late 2024, where Mantle experienced a 215% rally. Analysts now anticipate a potential breakout towards the next resistance level at $1.048. On-chain data supports this bullish outlook, showing a significant increase in the stablecoin market cap on the Mantle network, reaching $653.5 million. Whale accumulation has also surged by 134%, signaling heightened institutional interest in the token.
Key Developments Behind the Rally
A major catalyst for the price rally is the addition of 101,867 ETH, valued at $388 million, to Mantle's Strategic ETH Reserve. This move has solidified Mantle's position as one of the largest ETH holders in the Web3 space, bolstering confidence among ecosystem participants. With a treasury valued at $3 billion and strong returns from its MI4 fund, Mantle is poised for further growth. The network has also seen a rapid expansion in daily active users, climbing by 1,380% in a month to over 123,000.
Speculative Outlook and Caution
While the $1.41 target remains speculative, market analysts are closely monitoring Mantle's trajectory. Continued on-chain growth, favorable market conditions, and broader adoption of the Mantle protocol are seen as key factors that could drive the token towards this milestone. As investors navigate the volatile market, caution and risk assessment are advised, alongside monitoring technical indicators and ecosystem developments to make informed decisions.