Mantle Network's native token (MNT) surged significantly following announcements of upcoming ecosystem developments.
Factors Behind MNT's Rally
MNT initiated its rally after Mantle developers announced six key products to expand the ecosystem. These include the Enhanced Index Fund crypto fund, Mantle Banking platform, and MantleX focusing on AI agents.
Address and Exchange Activity Analysis
Growing interest in MNT is supported by increased activity and the number of new addresses. IntoTheblock data shows a 50% increase in active addresses completing MNT transactions over the past week, with new addresses up by 16%.
MNT Price Analysis
On the daily MNT/USDT chart, the token is above the 50-day moving average, signaling bulls are regaining market control. The MACD line also suggests increasing bullish momentum. Aroon indicators show a strong uptrend.
MNT could continue its rally, testing the resistance level at $1.42. The current price is $1.23.
