Mantle’s native token, MNT, has surged by 73% over the past 30 days, propelling it into the top 30 cryptocurrencies by market capitalisation. The rally has seen MNT outpace notable tokens including Pepe (PEPE), Ethena (ENA), and Aave (AAVE), with the price touching $1.40 at press time. With strong technical indicators and a series of catalysts supporting its rise, Mantle’s upward momentum could extend further.

Mantle Breaks Yearly Highs

On the weekly chart, Mantle has decisively broken out of a long-standing falling trendline, confirming a shift in market structure. The token has now posted higher highs, trading at its highest level this year.

Supporting this bullish move, the Money Flow Index (MFI) shows increasing buying pressure, suggesting that investors are continuing to accumulate rather than take profits. This accumulation reflects growing demand and strong confidence in Mantle’s long-term prospects.

The breakout was further validated by Mantle establishing a solid support zone at $0.57 and successfully flipping $0.83 into support. These levels now act as a cushion against sharp pullbacks, increasing the odds of further upward continuation.

Bybit Integration Sparks Demand

The surge in Mantle’s price can be directly tied to its deepening integration with Bybit, one of the world’s leading crypto exchanges. Mantle has evolved beyond being just a governance token, becoming a core utility asset within Bybit’s ecosystem.

Bybit highlighted this development on X (formerly Twitter), stating:

“MNT is no longer just a token, it’s gaining utility across Bybit’s ecosystem with Spot, Derivatives, Earn, OTC, and exclusive campaigns. All powered by Mantle Network, the infra layer bridging liquidity between DeFi and CeFi.”

This expanded utility has attracted fresh interest from traders and institutions alike. On-chain data from Santiment confirms this momentum: large wallets holding between 100,000 and 1 million MNT have increased their collective holdings from 17.36 million to 20.68 million tokens in recent days.

Such accumulation often precedes further price appreciation. Analysts suggest that if this trend continues, Mantle could realistically break the $2 threshold in the short term.

Coinbase Listing to Attract New Liquidity

Adding to Mantle’s momentum, Coinbase announced that it will list MNT for trading on 21 August. Listings on major exchanges typically act as catalysts by drawing in new retail and institutional capital, as broader investor access often translates into heightened buy-side pressure.

Mantle’s price-to-daily active addresses (DAA) divergence also supports this bullish case. The rise in DAA shows that network activity is keeping pace with price growth, signalling that the rally is underpinned by real utility and adoption rather than speculative hype.

If this alignment between network fundamentals and price action holds, Mantle could challenge its all-time high (ATH) of $1.51, and potentially surpass it.

Technical Analysis: Higher Highs Point to $2+

From a technical perspective, Mantle’s daily chart reflects strong bullish momentum. The token has cleared its resistance line, establishing a sequence of higher highs.

The Chaikin Money Flow (CMF) indicator has risen above the zero line, pointing to capital inflows exceeding outflows. This suggests that buying pressure remains firmly in control. If this trend persists, Mantle could break resistance at $1.43, paving the way towards $2.00, and potentially extending to $2.91 in the medium term.

However, if selling pressure emerges, CMF could drop below zero, pulling MNT down to $1.08 support levels. Despite this risk, the overall outlook remains tilted towards the bulls.

Mantle’s Bull Run Still in Motion

Mantle’s rally over the past month underscores the growing importance of exchange integrations and token utility in driving long-term value. With Bybit positioning MNT at the core of its operations and Coinbase listing imminent, Mantle is attracting both on-chain accumulation from whales and retail inflows.

If the token sustains its momentum and breaks above $1.43 resistance, it could open a path towards new highs beyond $2.00. While caution remains warranted in the volatile crypto markets, Mantle’s strong fundamentals and exchange-driven demand position it as a token to watch in the coming weeks.