Mantle Jumps 30% as Retail Frenzy Builds — Can Bulls Break $2.8?

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• Mantle jumped 30% to reclaim $2 after strong retail buying.
  
• Spot and futures data show aggressive long positioning.
  
• $2.8 resistance is the key level to watch for MNT’s next move.

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After falling to $1.10, Mantle (MNT) rebounded sharply, surging over 30% to a high of $2.30 before easing slightly to $2.22. The recovery flipped a key resistance level at $2 and reignited interest across spot and futures markets. MNT’s spot volume jumped 118% to $1.18 billion, while its market cap climbed 29% to $7.1 billion, signaling renewed capital inflow and strong on-chain activity.

Retail Traders Dominate the Bounce

Retail investors were quick to seize the dip. According to CryptoQuant, Mantle’s spot volume showed signs of overheating as buyers flooded in. Coinalyze data confirmed 5.5 million in buy volume versus 4.6 million in sell volume within 24 hours — evidence of strong accumulation. This pattern often reflects short-term euphoria, where traders rush to buy the rebound.

Futures Market Echoes Retail Aggression

The excitement extended to derivatives. Futures data from CryptoQuant revealed unusually high retail positioning, while Nansen recorded 15.8 million buy contracts against 14.1 million sell contracts, marking a +1.5 million net long position. This aggressive long buildup shows growing bullish conviction, but also raises caution — if momentum stalls, a long squeeze could follow.

Bulls Target $2.8 — But Risks Loom

Technical indicators paint a mixed picture. Mantle’s Stochastic Momentum Index rebounded to 4.1, hinting at a bullish crossover, while the Parabolic SAR points to the next resistance near $2.8. A break above could trigger another wave of buying, but failure to sustain could send MNT back toward $1.9.

Also Read: Mantle Jumps 11% on Retail Demand and Tokenization Boost

Despite overheated retail activity, Mantle continues to hold its gains above $2.2, showing that bullish sentiment remains intact — for now.

Mantle’s impressive rebound highlights how fast retail energy can shift market dynamics. The surge above $2 proves resilience, but with futures markets crowded with longs, traders may need to tread carefully. The next move above or below $2.8 could decide whether this recovery matures into a true uptrend or fades under its own weight.

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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.