Mantle traded near $0.79 after gaining over 10% in 24 hours on the 15th of March. Trading volume rose 81.53% to $117.67 million.
The surge in activity suggested traders returned to MNT markets as liquidity improved across exchanges.
In fact, the sharp volume expansion reflected stronger participation following recent price stabilization.
Mantle [MNT] also held its recovery range after weeks of sustained downside pressure.
That stability suggested traders increasingly viewed the current zone as a possible accumulation base.
Can Mantle break past KEY resistance?
After months inside a prolonged descending channel, Mantle rebounded from the $0.60 support zone.
The recovery pushed the price toward the next resistance near $0.93. That level previously acted as structural support.
However, the market now approached that zone from below, creating a clear technical inflection point.
Buyers continued defending higher lows as the price gradually curved upward from the recent base.
Technical indicators reflected improving momentum following the extended downtrend. The MACD Histogram turned positive, while the MACD Line held above the Signal Line.
That shift indicated selling pressure weakened compared with earlier phases of the decline.
Even so, the recovery remained early and still required sustained strength above nearby resistance.
Traders, therefore, focused on whether MNT could reclaim the $0.93 level.
A break above that zone could improve market structure and attract additional speculative participation.
Source: TradingViewBuyers regain control in Mantle spot markets
Spot activity also shifted toward buyers based on the Spot Taker CVD indicator. The metric showed Taker Buy Dominance, meaning market buy orders exceeded aggressive sell orders.
That shift reflected growing conviction among participants accumulating MNT in Spot markets.
As buyers absorbed available supply, price stability improved following the prolonged decline.
On top of that, stronger order flow suggested fresh demand entered the market during the recovery phase.
Source: CryptoQuantRising open interest signals growing speculation
Derivatives activity also accelerated across futures markets.
Open Interest climbed 13.22% to $58.35 million, indicating an increase in active leveraged positions. That expansion suggested traders opened new futures positions around the ongoing recovery.
However, rising Open Interest could amplify volatility if positioning becomes crowded.
This left traders watching whether speculative momentum could sustain Mantle’s rebound.
Source: CoinGlassMantle’s rebound from $0.60, rising trading volume, buy-dominant order flow, and expanding Open Interest pointed to strengthening bullish pressure.
Even so, the price approached the $0.93 resistance zone, the next major structural level.
If buyers maintained control across Spot and Derivatives markets, Mantle could extend its recovery toward higher liquidity zones.
Failure to reclaim resistance, however, could keep MNT inside a broader consolidation structure.
Final Summary
- Mantle [MNT] traded near $0.79 after gaining over 10% in 24 hours, with trading volume rising 81.53% to $117.67M.
- Price rebounded from the $0.60 support zone and approached the key $0.93 resistance level, marking a critical technical inflection point.
Source: https://ambcrypto.com/mantle-rebounds-from-0-60-eyes-0-93-can-mnt-bulls-close-the-deal/
