• Mantle holds above $0.70 despite a weekly decline of over 13%.
• Low leverage and declining trading volume suggest cautious market sentiment.
• A breakout above $0.75 could open the path toward the $0.86 target.

Mantle (MNT) continues to defend the $0.70 price level following a volatile trading week that left the asset down 13.08% over seven days. At the time of writing, Mantle is trading at $0.7056, reflecting a 1.65% daily gain.

The market capitalization stands at $2.37 billion, while 24-hour trading volume is at $223.62 million, marking a decline of 13.78% compared to the previous session. Despite this pressure, price action shows resilience near the key support zone.

The technical indicators show MNT hovering modestly above the 20-day EMA at $0.7066 and near the 50-day EMA at $0.7120, indicating an evenly contested tug-of-war between bulls and bears.

RSI at 46.37 shows neutral momentum, while the MACD indicators reveal converging lines, suggesting potential for consolidation. Bollinger Bands remain fairly spacious, with the current price at the mid-band, favoring the development of a short-term range pattern.

Also Read: Analyst Predicts Mantle Could Break $0.86 and Reach $1 Soon

Derivatives Data Reflects Reduced Market Aggression

Open interest in MNT derivatives rose by 0.39% to $21.66 million, while total derivatives trading volume dropped by 39.89% to $7.47 million.

The OI-weighted rate stands at 0.0035%, signaling constrained leverage and rising caution among traders. This behavior aligns with waning speculative positioning and suggests further easing of trading in the near term.

Market structure analysis shows $0.6822 as the next support area. Failure below this area could attract further selling, pushing the prices down to $0.66. However, breaking above the resistance at the 100-day EMA of $0.7517 could suggest the start of the next bullish leg.

MANTLE Breakout Path Points Toward $0.86

If MNT records a clean break above the $0.75 level, the subsequent stop is technically at $0.86, where earlier rejection levels coincide with the upper Bollinger Band.

However, further momentum would require constant buying pressure and increasing volume in both the spot and derivatives markets.

For the near term, above $0.70 is still the key sign of stability. Investors should closely monitor volume flows and resistance tests to determine whether Mantle can break out of consolidation into a strong bullish move.

Traders should closely monitor volume flows and resistance tests to determine whether Mantle can break out of consolidation into a strong bullish move.

Also Read: Mantle (MNT) Surges 28% After $2M Investment and Eyes $8 Price Target