Mantle Price: Bulls Target Resistance at $1.40 After Strong Rally

The Mantle token (MNT) continues its upward trajectory, gaining over 4% in the past 24 hours to trade above $1.28. This surge is fueled by strong institutional interest and a notable increase in staking demand, notably after Bybit EU’s MiCA-compliant staking pool launch on August 14th. Whales have also been increasing their spot purchases, signaling further upside potential. MNT has witnessed impressive gains of nearly 60% this month alone, pushing its market cap to $4.32 billion and daily volume up to $437 million.