Mantle (MNT) Price Stabilizes at Critical Support Amid Ecosystem Growth

The Mantle (MNT) price is consolidating around the $1.00 mark after a prolonged downtrend from late October peaks near $1.80. Key support levels at $0.86 and $0.95 have been tested, with a recent bounce from $0.86 sparking a cautious recovery to approximately $1.03. Resistance lies between $1.10 and $1.15, and a breakout above this zone could target $1.25, while a drop below $0.95 might lead to further declines toward $0.76.

This price action coincides with significant ecosystem developments, including regulated institutional custody through Anchorage Digital, a tokenized money market fund launched in partnership with DMZ Finance and Bybit, and ApeX Protocol's integration of Chainlink Data Streams for real-world asset (RWA) perpetuals. These moves reinforce Mantle's position as a growing Layer-2 solution.

Technical indicators show RSI has improved from oversold conditions and MACD is turning positive, suggesting short-term momentum. However, open interest remains steady at around $92 million, with net shorts slightly outweighing net longs, indicating trader caution. Analyst Crypto Caesar notes that volume has dried up, reflecting a 'wait-and-see' approach, and the broader market's sideways movement in Bitcoin and Ethereum could influence MNT's direction.