MNT surges as short position liquidations trigger forced buying

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Mantle jumps 10.04% to $0.65 today

Highlights

Mantle added support for the Paxos USDG stablecoin, expanding stablecoin access and enabling new DeFi and payment products on its network.
Monthly trading volume on Mantle rose 14.61% above average amid forced buybacks from short liquidations, with the network holding a $2.01 billion market capitalization.
MNT/USD trades with established bullish momentum across timeframes, with a projected trading range of $0.6318 to $0.6717 in the next 2 to 3 days.

Stablecoin integration drives network utility and triggers short liquidations

Mantle's recent integration of the USDG stablecoin from Paxos into its ecosystem is providing a direct boost to utility on the network, as expanded stablecoin access enables new DeFi and payment products, according to Diariobitcoin. The resulting bump in adoption was quickly followed by a wave of liquidations of short positions, forcing buybacks that accelerated the upward move. Diariobitcoin also points to a 14.61% increase in trading volume over the monthly average, highlighting robust participation, while Mantle continues to benefit from its backing by the BitDAO ecosystem and maintains a market capitalization of $2.01 billion.

Overbought signals emerge as uptrend tests resistance

MNT/USD has established notable technical support at the Ichimoku Kijun level of $0.622 and is currently trading above its MA-20 and MA-50 on the hourly chart, as well as comfortably above the MA-200 on the daily timeframe. The ongoing momentum is confirmed by strong readings from MACD and ADX, both pointing to a persistent uptrend. However, oscillators including RSI at 88.66, Stoch RSI, and CCI are in overbought territory, while Bull/Bear Power and the Awesome Oscillator also favor buyers. This setup signals powerful bullish momentum, though overbought oscillators indicate that a pause or short-term correction cannot be ruled out.

Consolidation expected unless key support fails

Over the next 2–3 trading days, MNT/USD is projected to remain within a range of $0.6318 to $0.6717, reflecting typical volatility at these levels. The most probable scenario is consolidation inside this band, with a breakout above resistance pointing to further upside potential. A move lower would only be likely if support at $0.622 fails, which currently appears to have a low probability based on present price action.

Anton Kharitonov, analyst at Traders Union, notes that Mantle is displaying strong technical momentum supported by solid backing from BitDAO and expanded utility via the recent USDG integration. He sees current price action reinforced by higher trading volumes and robust market cap, but warns that overbought readings on multiple oscillators may indicate a near-term pause or correction. The analyst remains cautious as long as support at $0.622 holds and expects consolidation within the $0.6318–$0.6717 range for now. "Despite the active rally, I remain alert for a potential pullback if current support breaks, as overstretched indicators suggest limited room for further upside without a reset."

Earlier, analysts noted that Mantle was exhibiting strong short-term bullish momentum while approaching key resistance, with technical indicators flashing potential for either consolidation or a pullback. The recent breakout and sustained trade above multiple moving averages now strengthen the bullish case, but traders should monitor the $0.622 support level closely, as a failure here could quickly shift near-term risk to the downside.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.