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On March 15, Mantle traded around $0.79 after gaining over 10% in 24 hours. Transaction volume increased by 81.53% to 117.67 million dollars.
The increase in activity showed that traders were returning to MNT markets as liquidity increased on exchanges.
In fact, the sharp volume expansion reflects stronger participation following recent price stabilization.
Mantle (MNT) It also maintained its recovery range after weeks of downward pressure.
This stability led traders to increasingly view the existing region as a possible accumulation base.
Can Mantle break KEY resistance?
Mantle rebounded from the $0.60 support zone after being stuck in a months-long descending channel.
The recovery pushed the price towards the next resistance near $0.93. This level previously served as structural support.
However, the market has now approached this zone from below, creating a clear technical turning point.
Buyers continued to defend higher lows as the price gradually trended upwards from the recent bottom.
Technical indicators reflected increasing momentum after a prolonged downtrend. The MACD Line remained above the Signal Line while the MACD Histogram turned positive.
This change showed that selling pressure had weakened compared to the previous stages of the decline.
However, the recovery remained early and required sustained strength above immediate resistance.
Therefore, investors focused on whether MNT could regain the $0.93 level.
A break above this zone could improve market structure and attract additional speculative participation.
Buyers regain control in Mantle spot markets
Spot activity has also shifted towards buyers based on the Spot Taker CVD indicator. The metric showed Buyer Buy Dominance, meaning that buy orders in the market were outpacing aggressive sell orders.
This shift reflected growing confidence among participants accumulating MNT in spot markets.
Price stability improved after a prolonged decline as buyers absorbed available supply.
Moreover, stronger order flow showed that new demand was entering the market during the recovery phase.
Rising open positions indicate increased speculation
Derivative activities in futures markets also accelerated.
Open Interest increased by 13.22% to $58.35 million, indicating an increase in active leveraged positions. This expansion showed investors opening new futures positions around the ongoing recovery.
However, increased Open Interest can increase volatility if positioning becomes crowded.
This left investors concerned about whether speculative momentum could sustain Mantle’s recovery.
Mantle’s recovery from $0.60, increased trading volume, buy-heavy order flow, and widening Open Interest indicated that bullish pressure was strengthening.
Despite this, the price approached the resistance zone at $0.93, the next important structural level.
If buyers maintain control in the Spot and Derivatives markets, Mantle could extend its recovery into higher liquidity zones.
However, failure to regain resistance may keep MNT within a broader consolidation structure.
Final Summary
- Mantle (MNT) traded around $0.79 after gaining over 10% in 24 hours, with trading volume rising 81.53% to $117.67 million.
- The price recovered from the $0.60 support zone and approached the key resistance level at $0.93, signaling a critical technical turning point.
