Mantle is falling today: what traders are watching

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Mantle slides 10.86% today to $0.80

Highlights

Bybit, Mantle, and Byreal launched the Mantle Super Portal, enabling MNT holders to access centralized and decentralized financial services on Solana, expanding token interoperability and utility.
This partnership leverages Bybit’s custody and Mantle’s blockchain to bridge TradFi and DeFi, strengthening the firms’ broader Web3 ecosystem strategy.
MNT trades at $0.8025, below all major moving averages, with momentum indicators signaling oversold conditions and high likelihood of further downside toward $0.7050–$0.7477.

Web3 expansion advances as Mantle launches cross-chain Super Portal

Bybit, Mantle, and Byreal have jointly introduced the Mantle Super Portal, a cross-chain infrastructure initiative enabling MNT holders to access both centralized and decentralized financial services on the Solana network. This development aims to improve interoperability and utility for the token by bridging TradFi and DeFi, utilizing Bybit's custody and Mantle's blockchain features. The collaboration reinforces the company's strategy to broaden its Web3 ecosystem and enhance user access.

Anton Kharitonov, expert at Traders Union, views Mantle's technical picture as fragile. He notes the asset’s failure to reclaim even basic moving averages and highlights the pronounced daily loss. Kharitonov stresses that momentum oscillators and BB Power reinforce the downside, while the absence of nearby support leaves MNT exposed. He calls the announced Super Portal a forward-looking move but sees no near-term catalyst in changing the current bearish trend. "Oversold signals are present, but until buyers step in forcefully, sellers will likely dictate direction toward $0.7050."

Viktoras Karapetjanc, expert at Traders Union, believes the latest partnership expands Mantle’s real-world reach. He sees the Super Portal initiative as a strategic foundation for broader adoption and improved token relevance. Karapetjanc argues the Web3 collaboration reflects ongoing institutional interest and a strong ecosystem drive. "Despite the current pullback, I expect Mantle’s ambitious infrastructure projects to set the stage for future growth opportunities."

Oversold momentum persists as technical signals confirm ongoing selloff

Momentum signals on the daily timeframe show pronounced weakness, with the MACD calling a strong sell and the ADX indicating trend neutrality at low values. RSI (36.8) and Stoch RSI also signal oversold conditions, while the CCI is firmly in oversold territory, confirming downside exhaustion. BB Power on the daily is marginally positive, but intraday signals point to seller dominance. The Awesome Oscillator supports the bearish theme. The price dropped sharply today, losing 10.86% from previous close, opening with a notable gap down and currently hovering at the very bottom of today's range ($0.802–$0.8429), which indicates elevated intraday volatility and strong selloff pressure after the open. While oversold signals are present, there is little immediate evidence of reversal strength, and momentum aligns with continued bearish action. The nearest resistance is highlighted by the Ichimoku Kijun at $0.9936, while there are no dynamic supports indicated near current levels.

Previously it was reported that Mantle continues to face broad-based selling pressure, trading below key moving averages with bearish momentum confirmed by the MACD and RSI in sell territory. Despite expansion into the Solana ecosystem, price action remains volatile and the probability of a rebound above resistance is low, with consolidation expected between support near $0.80 and resistance around $0.95.

Source of Data: MNT Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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