Mantle price is trying to make a comeback after a pretty wild week of swings. The token dropped hard, around 16%, on October 18, breaking below the $1.45 mark.
But within just a couple of days, it bounced back nearly 9%, trading around $1.89 at writing. That quick recovery has definitely put Mantle back on traders’ watchlists.
Part of the buzz comes from Mantle’s new RWA Tokenization-as-a-Service platform, revealed during Token2049. The project is taking aim at institutional players, offering compliance-focused tools like KYC and audits.
On top of that, Mantle teamed up with World Liberty Financial, the Trump-linked firm behind the $2 billion USD1 stablecoin. It’s a move that could give Mantle’s ecosystem more real-world exposure, even though it’s still up against big competition from names like Chainlink and Polygon.
What you'll learn 👉
What the Mantle Chart Is Showing
The 4H chart paints a clear picture, MNT price has bounced off a strong support area around $1.45, forming a sharp V-shaped recovery. The price is now hovering near $1.88–$1.90, which is acting as resistance in the short term.
If buyers manage to push through that zone, the next target sits near $2.20, where Mantle previously consolidated before its last drop.
If it can’t break above $1.90, though, the Mantle price might retrace back toward $1.70–$1.60, which is still a healthy area for bulls to regroup. The key line to defend remains $1.45, losing that would open the door to another bearish leg.
Volume is rising in this bounce, which means the buyers are back. But Mantle has to break and close above $1.90 to make sure this bounce is not a short-term bounce.
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Market Indicators
Momentum looks like it’s starting to turn, but the signals are still a bit mixed. The RSI is around 68, which means the buyers are there, but it’s nearly overbought, so a small pullback will not be unexpected.
The MACD registered a bullish crossover, implying that the upward momentum could continue for quite some time. Open interest is steady at about $92 million, which tells us traders are active but not going all in.
There are still more short positions than longs, though, so bears haven’t completely given up. Bulls are gaining ground, now they just have to prove they can keep the momentum going.
Mantle Price Short-Term Outlook for the Week
For Mantle, this week is all about breaking and holding above that $1.90–$2.00 zone. If it succeeds, the price could quickly run toward $2.30–$2.50, especially if overall crypto sentiment stays steady.
But if Mantle price gets rejected again near $1.90, we could see another dip back toward $1.70 or even $1.60 before the next move higher.
Right now, Mantle’s story is one of cautious optimism. Its fundamentals are improving with the RWA push, but short-term technicals are still fragile. A clean breakout above $2 could flip the tone entirely, signaling that MNT’s next big rally might just be around the corner.
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