Mantle (MNT) reached a new all-time high of $1.65 on September 11, 2025, marking an 18% surge in 24 hours, a 46% gain over the past week, and a 65% increase over the last month. The rally was primarily driven by an expanded partnership with cryptocurrency exchange Bybit, announced on September 10.
The initiative, dubbed "MNT x Bybit 2.0," introduced new MNT spot trading pairs against SOL, ETH, ADA, and SUI. Bybit also launched a "HODL & Earn" event with a 60,000 XUSD prize pool for users holding MNT and XUSD until September 16. Trading activity responded sharply, with 24-hour spot volume reaching $655 million (a 41% increase) and derivatives volume jumping 117% to $268 million. Open interest rose 31% to $203 million.
Technically, MNT broke out from a long-term descending trendline connecting previous highs from April 2024 and January 2025. The monthly chart also showed a double bottom formation, with the price closing above the pattern's neckline. Momentum indicators like MACD showed bullish crossovers, though the RSI above 70 and CCI above 300 indicate overbought conditions. Key support levels are now at $1.48 and $1.22, with resistance potentially tested between $1.80 and $2.00.
Mantle's market capitalization stands at $5.3 billion, with a fully diluted valuation of $10.1 billion.
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