Mantle price rose to near $0.70, supported by rising volume. Daily indicators (RSI, MACD) favor short-term upside, but the price remains below a key downtrend line. Key resistance looms at $0.71 and support at the $0.60-$0.57 zone.

Mantle climbed nearly 10% on Thursday, reaching intraday highs above $0.69 as a broader altcoin rebound lifted market sentiment.

The move mirrored gains across several mid-cap projects, including Hyperliquid, Zcash, and NEAR, and was accompanied by increased trading volume and renewed attention toward real-world asset (RWA) integrations within Mantle’s ecosystem.

While the technical picture supports further short-term upside, bears remain active near the intraday peak, and a pullback cannot be ruled out.

The MNT token’s intraday highs marked a decisive retest of the key psychological and technical resistance level at $0.70.

The move comes as bulls attempt to secure a second consecutive green daily candle following a recent dip to $0.61.

Notably, trading volume expanded alongside the rally, rising 116% to $46 million and signaling stronger buying interest.

Mantle is among the crypto tokens benefiting from growing market discussion around RWA projects, with institutional demand expected to rise if the SEC moves forward with allowing blockchain-based tokenized stock trading.

Recent ecosystem developments have also supported bullish sentiment. These include xStocks integrating xChange (Atomic RFQ) on Mantle, the launch of $BILL, and KelpDAO enabling rsETH withdrawals, bridging, and claims.

However, the key question remains whether MNT can break through the $0.70 supply zone.

The recent rally places Mantle in a short-term bullish position.

Daily technical indicators show a bullish Relative Strength Index (RSI), while the MACD is signaling a potential bullish crossover, both of which support continued upside momentum.

MNT’s recovery above the $0.65 level also places the token back above short-term moving averages, typically encouraging additional buy-side activity from momentum traders.

However, broader trend indicators still suggest a mixed outlook.

The Average Directional Index (ADX) and Commodity Channel Index (CCI) remain largely neutral, indicating that while momentum has shifted in favor of bulls, conviction is still limited.

Crucially, MNT remains below a prevailing downtrend line, which could cap further gains unless the token closes and holds above that resistance level.

Sellers may also focus on key moving averages acting as supply zones, with the 100-day EMA near $0.71 and the 200-day EMA around $0.82.

If momentum continues higher, the 100-day SMA near $0.84 could present another resistance level.

On the downside, failure to hold above $0.65 and a decisive move below $0.60 could invalidate the near-term bullish outlook.

In that scenario, downside pressure could intensify, with immediate support levels near $0.60 and then $0.57.

The post Mantle (MNT) jumps 10% to extend gains but can bulls break $0.70 resistance? appeared first on CoinJournal.

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