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Why did the price of MNT go up?

Mantle (MNT) increased by 7.22% in the past 24 hours, reaching $1.91, building on a 9.23% gain over the past week. This rise is driven by strong technical signals, more trading options on the Bybit exchange, and growing excitement about a potential boost in altcoin prices this October.

  1. Technical Breakout – MNT’s price surpassed a key resistance level, indicating upward momentum.
  2. Bybit Integration Boost – New trading pairs and fee discounts on Bybit are increasing demand.
  3. Altcoin Season Hype – Investors are shifting money into riskier altcoins, including MNT, amid positive market sentiment.

Deep Dive

1. Technical Breakout (Positive Signal)

Overview: Mantle’s price moved above the important $1.77 resistance level (reported by TokenPost) and its 7-day moving average of $1.75. Technical indicators like the MACD turned positive, and the RSI at 66.28 suggests there’s still room for the price to rise before it becomes overbought.

What this means: Traders see this breakout as a sign that MNT’s upward trend is gaining strength, especially after weeks of price consolidation between $1.52 and $1.86. The next price target is around $2.18, based on Fibonacci extension levels.

What to watch: It’s important for MNT to stay above $1.91 to confirm this breakout. If it falls below, the price might test support at $1.74 again.

2. Bybit Integration & Utility Expansion (Positive Impact)

Overview: Bybit has increased Mantle’s usefulness by allowing it to be used for fee discounts and adding 18 new trading pairs, including MNT/RLUSD, following the launch of the RLUSD stablecoin on the platform (CryptoTimes).

What this means: These changes boost demand and liquidity for MNT. Bybit’s large daily trading volume (over $30 billion) creates natural buying pressure, similar to how Binance’s BNB grew (X post).

What to watch: Look for MNT’s potential use as collateral for derivatives and structured products on Bybit, expected in Q4 2025.

3. Altcoin Season Momentum (Mixed Outlook)

Overview: The Altcoin Season Index from CoinMarketCap rose 12.07% over the past month to 65, showing more investment flowing into altcoins. MNT’s 30-day gain of 60.54% outperforms Bitcoin (which holds 58.06% market dominance) and Ethereum (up 12.94%).

What this means: MNT is benefiting from a general market trend favoring riskier altcoins. However, its 236% gain over 90 days suggests it might be overextended. The Fear & Greed Index at 43 (Neutral) points to cautious optimism.

What to watch: Market stability is key. If Bitcoin drops below $113,000, investors might take profits from altcoins like MNT.

Conclusion

Mantle’s recent price jump is fueled by strong technical momentum, increased exchange utility, and positive altcoin market trends. While the outlook remains bullish, traders should watch the $1.91–$1.94 resistance area for signs of either a continued breakout or a pullback.

Key point: Will MNT stay above its upward trendline near $1.85 on the 1-hour chart and push toward $2.18, or will profit-taking slow its rise?


What could affect the price of MNT?

Mantle’s price outlook depends on its integration with exchanges, technology improvements, and broader market trends.

  1. Bybit Integration – Expanding Mantle (MNT) use across 20+ trading pairs and options (Positive)
  2. ZK Rollup Upgrade – Faster transactions attracting institutional interest (Mixed)
  3. Market Liquidity – Federal Reserve rate cuts vs. ETF withdrawals causing uncertainty (Neutral)

In-Depth Analysis

1. Bybit’s Expansion of MNT Use (Positive Impact)

Summary: Bybit, a major crypto exchange, plans to increase the number of MNT trading pairs from 4 to over 20 and introduce options trading by the end of 2025. MNT holders will also benefit from fee discounts, better collateral options, and exclusive access to Launchpool events.

Why it matters: This deeper integration is similar to how Binance Coin (BNB) grew by becoming more useful on its exchange. Since Bybit handles over $30 billion in daily trading volume, this could significantly boost demand for MNT. Past examples, like BNB’s growth between 2019 and 2021, show that such utility expansions can lead to sustained price increases.

2. ZK Rollup Upgrade and Competition (Mixed Impact)

Summary: Mantle completed a major technology upgrade on September 17, called the ZK Validity Rollup. This reduced withdrawal times from 7 days to just 1 hour and made Mantle the largest ZK rollup by total value locked (TVL), exceeding $2 billion. However, competitors like zkSync and Polygon zkEVM are also working to scale Ethereum, creating a crowded market.

Why it matters: This upgrade gives Mantle a technical advantage (NullTX), but the competition in Layer 2 solutions could limit how much MNT’s price can rise. The recent 50% price increase in September already reflects much of this positive news, so there’s less room for error if rivals gain ground.

3. Market Liquidity and ETF Flows (Neutral Impact)

Summary: The crypto market is facing mixed signals: there’s a 90% chance the Federal Reserve will cut interest rates soon, which usually supports riskier assets like cryptocurrencies. On the other hand, there have been $796 million in outflows from Ethereum ETFs over five days (The Defiant).

Why it matters: Mantle’s recent 159% price rally over 60 days makes it very sensitive to these market changes. Continued ETF withdrawals might cause investors to take profits, while rate cuts could help altcoins like MNT keep rising into the fourth quarter. Keep an eye on the Crypto Fear & Greed Index (currently at 39, indicating “Fear”) to gauge market sentiment.

Conclusion

Mantle’s growing use on exchanges and strong technical upgrades set it up for potential growth in the medium term. However, its high technical indicators (RSI at 69) and stiff competition in Layer 2 solutions suggest caution. The key question is whether MNT’s partnership with Bybit can overcome broader market pressures, especially if Bitcoin’s dominance rises above 58%. Watch for updates on Bybit’s MNT product launches and how well Mantle retains its TVL after the upgrade.


What are people saying about MNT?

Mantle’s excitement is building as Bybit partnerships and tech upgrades drive interest. Here’s the latest:

  1. Bybit integration boosts $MNT’s use and trading volume
  2. Omnichain plans through LayerZero create cross-chain opportunities
  3. Technical signals warn of possible short-term pullback despite strong momentum

Deep Dive

1. @andr_crypto: Positive outlook on Mantle & Bybit plans

"Expanding $MNT spot trading pairs from 4 to over 20... launching options trading"
– @andr_crypto (32.1K followers · 189K impressions · 2025-08-29 17:00 UTC)
View original post
What this means: This is good news for $MNT. More trading pairs and options usually mean higher trading activity and more interest from big investors. Bybit’s large daily trading volume (over $30 billion) helps create strong demand for $MNT.

2. @cuongtran2024: Mixed feelings on omnichain move

"MNT becomes an Omnichain Fungible Token, cutting gas fees and reducing the need for wrapped assets"
– @cuongtran2024 (8.4K followers · 112K impressions · 2025-08-30 17:15 UTC)
View original post
What this means: This is cautiously positive. Making Mantle work across multiple blockchains (omnichain) strengthens its ecosystem, but success depends on how well it’s adopted on other platforms like HyperEVM.

3. @AMBCrypto: Technical analysis suggests caution

"RSI near overbought at 74.98... rising wedge pattern indicates risk of a pullback"
– AMBCrypto (Published: 2025-09-27 00:00 UTC)
View analysis
What this means: This is a short-term warning. Even though $MNT recently hit $1.91 (its highest price ever), signs show momentum may slow down and prices could pull back before moving higher again.

Conclusion

The overall view on Mantle is optimistic but cautious. Big partnerships like Bybit’s expanded trading pairs and LayerZero’s omnichain integration are driving positive sentiment. However, technical indicators suggest some profit-taking might happen soon. Keep an eye on the $1.90 resistance level — if $MNT closes above this, it could pave the way for targets above $2.30 as the altcoin market heats up.


What is the latest news about MNT?

Mantle (MNT) is gaining momentum thanks to exchange partnerships and technology improvements, with investors aiming for a $3 price target. Here’s the latest update:

  1. Bybit Boosts MNT Features (September 24, 2025) – New VIP perks and trading discounts strengthen MNT’s role on the exchange.
  2. ZK Rollup Upgrade Launches (September 17, 2025) – Faster withdrawals and $2 billion in locked value highlight Mantle’s Layer 2 leadership.
  3. $3 Price Goal in Sight (September 29, 2025) – Technical indicators suggest a potential breakout, despite some overbought signals.

In-Depth Look

1. Bybit Boosts MNT Features (September 24, 2025)

What Happened?
Bybit, a major crypto exchange, introduced new benefits for Mantle (MNT) holders, including:

These updates build on Bybit’s earlier integration of MNT into its Launchpool, OTC trading, and Earn programs, which now account for about 37% of MNT’s daily trading volume exceeding $500 million.

Why It Matters
These changes make MNT more useful within the Bybit ecosystem, encouraging holders to keep their tokens longer and reducing the number of tokens available on the market. However, since much of this depends on Bybit, there’s some risk if the exchange faces issues. (Bybit)

2. ZK Rollup Upgrade Launches (September 17, 2025)

What Happened?
Mantle upgraded its technology to a zero-knowledge (ZK) rollup using OP Stack and Succinct Labs’ prover network. This means:

This upgrade also supports institutional decentralized finance (DeFi) through integrations like EigenLayer, which allows users to earn rewards by restaking Ethereum.

Why It Matters
The faster transaction times and lower fees make Mantle attractive for high-speed trading and large-scale DeFi projects. Growth in TVL after this upgrade will be a key sign of success; if it stalls, it could mean adoption challenges. (The Defiant)

3. $3 Price Goal in Sight (September 29, 2025)

What Happened?
Technical analysts spotted a bullish pattern on MNT’s daily price chart after it broke above $1.91 resistance. Important price levels include:

MNT’s price has surged 240% over the past 90 days, outperforming Ethereum (198%) and Solana (175%). However, the Relative Strength Index (RSI) is at 72, indicating the token might be overbought.

Why It Matters
The strong momentum could push MNT higher, especially if it breaks above $2.04, potentially triggering a buying frenzy. But with 65% of derivatives positions already long, there’s a risk of sharp price drops if market sentiment changes. (CCN)

Conclusion

Mantle’s combination of exchange partnerships, technical upgrades, and positive price trends points to strong short-term growth potential. Still, after a 61% rally in just 30 days, there’s little room for error. Keep an eye on upcoming Mantle in Seoul events for new partnership announcements that could influence the token’s future.


What is expected in the development of MNT?

Mantle’s roadmap is focused on connecting traditional finance (TradFi) with decentralized finance (DeFi) by building banking services, institutional investment products, and technical improvements.

  1. Mantle Banking Launch (Q2 2025) – A combined fiat and crypto digital bank offering interest earnings and borrowing options.
  2. Mantle Index Four Fund (Q2 2025) – A $400 million crypto index fund designed for institutional investors.
  3. ZK Validity Rollup Mainnet (September 2025) – Technology upgrade cutting withdrawal times from 7 days to 1 hour.
  4. FBTC Cross-Chain Expansion (Q4 2025) – Bringing wrapped Bitcoin to new blockchains like Solana and SUI.
  5. Bybit Integration Milestones (Ongoing) – Adding over 20 trading pairs, options, and improved collateral features on a major exchange.

Deep Dive

1. Mantle Banking Launch (Q2 2025)

Overview:
Mantle Banking will combine traditional currency (fiat) and cryptocurrency accounts into one easy-to-use app. Users can convert their paychecks into stablecoins, earn interest through the MI4 fund, and borrow against crypto assets like mETH. This service is built on Mantle Network’s advanced technology stack, designed to make DeFi accessible for everyday users.

What this means:
This is a positive step for Mantle (MNT) adoption because it links crypto directly to daily financial activities. However, regulatory challenges around handling fiat money and competition from established digital banks like Revolut could pose risks.

2. Mantle Index Four Fund (Q2 2025)

Overview:
This is a tokenized investment fund that gives exposure to Bitcoin (50%), Ethereum (26.5%), Solana (8.5%), and stablecoins (15%), with added benefits from staking rewards. Supported by a $400 million investment from Mantle’s treasury, the MI4 fund will be available on the Mantle Network and aims to become the crypto equivalent of the S&P 500 index.

What this means:
Institutional investors may increase demand for MNT as it will be used for governance and fees within this fund. Still, relying on third-party platforms like Securitize introduces some risk if those partners face issues.

3. ZK Validity Rollup Mainnet (September 2025)

Overview:
Mantle has integrated zero-knowledge (zk) proof technology with its OP Stack, reducing the time it takes to withdraw funds from 7 days to just 1 hour. This upgrade makes Mantle the largest ZK rollup by total value locked (TVL) at over $2 billion and improves efficiency for institutional users.

What this means:
Faster transactions and lower costs could attract more decentralized applications (dApps) to Mantle. While this technical progress is already expected by the market, any delays in further improvements could affect MNT’s price.

4. FBTC Cross-Chain Expansion (Q4 2025)

Overview:
Following the launch of FBTC (wrapped Bitcoin) on Ethereum-compatible chains like Berachain, Mantle plans to expand FBTC to blockchains like Solana and SUI in late 2025. This comes after Bybit integrated FBTC into its Earn Program, which increased total locked value to $1.2 billion.

What this means:
Making Bitcoin usable across different blockchain networks could increase FBTC’s popularity and generate fees that benefit MNT holders. However, spreading liquidity across multiple chains could create challenges.

5. Bybit Integration Milestones (Ongoing)

Overview:
Bybit’s ongoing plans include adding more than 20 MNT trading pairs, options trading, and special perks for MNT holders. MNT is already accepted as collateral for yield products, tapping into Bybit’s $30 billion daily trading volume.

What this means:
Stronger integration with a major exchange helps create more liquidity and demand for MNT. But depending heavily on one exchange could increase price swings if the market turns down.

Conclusion

Mantle is steadily advancing its vision to bridge traditional finance and decentralized finance by launching user-friendly banking services, institutional investment products, and cutting-edge blockchain technology. While there are risks from regulation and market competition, these developments position Mantle (MNT) for broader adoption and increased utility in the crypto ecosystem.


What updates are there in the MNT code base?

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