The Mantle project has presented new achievements and plans for the second quarter of 2025. Despite positive changes, the MNT token remains in a bearish trend.
Updates from Mantle
On March 2, Mantle released a letter to MNT token holders outlining its plans for Q2. Key highlights include the launch of Mantle Banking, a unified fiat-crypto neobank, and Mantle Index Four (MI4), a tokenized institutional crypto fund.
"Mantle just released their Q2 letter to token holders, revealing some of their biggest moves yet." – stated representatives of the company.
Current MNT Metrics
Despite new developments, MNT is experiencing a clear bearish trend since February 3. Currently, the price hovers around $0.74, remaining below the 20-day Exponential Moving Average and 50-day Simple Moving Average. Only a brief rise above the 20-day EMA was observed in March. The current support level stands at approximately $0.72.
Future Prospects
While forecasts remain bearish, breaking above $0.80 could signal the first sign of potential recovery. For a sustainable trend reversal, significant volume and price movements above $1.00 are required.
Mantle continues to enhance its ecosystem, but at this time, MNT is under a bearish trend with key support and resistance levels. Current metrics analysis shows the need for significant changes to achieve sustainable growth.
