After a volatile week that saw Mantle price drop nearly 16%, the token has bounced back sharply, trading around $1.89. This quick recovery has reignited interest among traders and fueled speculation about its future trajectory. The reason behind this renewed optimism? Mantle’s new RWA Tokenization-as-a-Service platform, unveiled at Token2049, targets institutional investors with compliant tools like KYC and audits. The partnership with World Liberty Financial, the company behind the $2 billion USD1 stablecoin backed by Trump connections, is another major driver. This move brings Mantle’s ecosystem closer to real-world applications while competing against established players like Chainlink and Polygon.
**Mantle Price Analysis: Chart and Technical Indicators** The four-hour chart shows a clear V-shaped bounce off the $1.45 support level, signaling renewed buyer interest. The price is now hovering near $1.88–$1.90, which could act as resistance in the short term. If buyers manage to push through this zone, the next target lies at $2.20.
**If Mantle fails to break above $1.90,** however, the price could retrace towards $1.70–$1.60, a level that remains healthy for bulls looking to regroup. The key line to defend is $1.45. Losing this could trigger another bearish leg.
**Mantle’s Momentum** Increased trading volume suggests buying activity has picked up. However, breaking and closing above $1.90 will confirm this bounce isn’t just a short-term fluctuation.
**Market Indicators Suggesting Short-Term Outlook** The RSI indicates buyer strength at around 68, but it’s nearing overbought territory, suggesting a pullback might be inevitable. The MACD registered a bullish crossover, indicating sustained upward momentum, but a small retracement is likely. Open interest at $92 million reflects active trading activity without full commitments, suggesting caution. Short positions remain dominant, hinting that bears aren’t completely surrendering.
**Mantle Price Outlook for the Week** This week focuses on breaking above the $1.90–$2.00 zone. If successful, it could propel MNT towards $2.30–$2.50 if broader crypto sentiment remains positive. However, a rejection near this level may lead to another dip toward $1.70 or even $1.60 before the next surge higher.
**Conclusion** Mantle’s story is marked by cautious optimism. Fundamental advancements are underway with the RWA initiative, but short-term technicalities remain fragile. A decisive break above $2 would drastically alter the narrative, suggesting a potential breakout into new territory is close at hand.
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