Is Mantle Really Soaring Or Are We Just Excited? Bybit’s Latest Moves Analyzed!

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So, Mantle price just shot up to a new all-time high-because, of course, it did-thanks to cozying up with Bybit. What, you thought crypto was gonna behave itself? Nope. This thing’s running like it had three cups of espresso.

New Listings & Rewards

So this “MNT x Bybit 2.0” thing launched on Sept. 10. Bybit dropped new trading pairs like SOL, ETH, ADA, and SUI. Because, hey, why trade normal stuff when you can throw in a bunch of acronyms nobody can keep straight?

They also started this “HODL & Earn” shindig with a 60,000 XUSD prize pool for holding MNT and XUSD until Sept. 16. Great, just what we needed-more reasons to HOLD (or panic sell, who knows). Spot volume shot to $655 million-that’s a 41% surge from the day before. And derivatives? Yeah, they’re partying too.

Open interest climbed 31% to $203 million, and daily futures volume exploded 117% to $268 million. Basically, traders are piling on levered bets like it’s Vegas-except the house isn’t winning yet, but don’t count on that lasting.

The Charts Say?

MNT busted out from its little hiding spot, now chilling above $1.60. It’s propped up by the usual suspects-the 10-day EMA $1.32 and 20-day SMA $1.22. Momentum indicators like MACD are waving their little flags saying “More up, please!”

But-because nothing’s ever that simple-the relative strength index is over 70. Translation? It’s “overbought,” which in crypto-speak means: “Hey, don’t get too comfy, people.” The commodity channel index is also way up, suggesting prices are hanging out at the top like that guy who won’t leave the party. Bollinger Bands? Price is practically glued to the upper band, so volatility’s about to RSVP “yes” too.

There’s some support around $1.22 and $1.48. If this bull run keeps flexing, resistance could pop between $1.80 and $2.00. But if things go south-and they always can-you might say hello again to $1.00. Which, honestly, is kind of the roller coaster charm of crypto, right?

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2025-09-11 11:06