Mantle suffers deep selloff
Mantle (MNT) slid 7.8% in 24 hours to $0.685 with daily volume up nearly 40% versus its monthly average, extending a week‑long drop of ~17.3% and threatening SMA‑50 support. The price action flags a high‑volatility setup for tactical traders as momentum indicators flash oversold. (diariobitcoin.com)
On‑chain analytics flagged a 600% week‑over‑week surge in MNT whale transactions (transfers >$100k) according to Santiment metrics reported in market coverage. (ainvest.com) On‑chain trackers logged a 13.65 million MNT deposit from Mirana Venture to Bybit, an exchange inflow flagged as a major liquidity move. (blockchainreporter.net) CoinMarketCap lists Mantle’s market capitalization at about $2.31 billion with 24‑hour spot volume near $94.8 million and a 24h Vol/MarketCap of ~4.1%. (coinmarketcap.com) Real‑time technical levels show the daily SMA‑50 at $0.6759 and the SMA‑20 at $0.7307, with Ichimoku Kijun resistance near $0.7301 noted by technical coverage. (tradersunion.com) TradersUnion’s indicator readouts show an RSI around 48, a daily MACD signaling buy, and a Stoch RSI at extreme oversold — a mixed technical profile that historically precedes short relief bounces. (tradersunion.com) Mantle’s recent Super Portal rollout (announced late January 2026) with Bybit and Byreal makes MNT natively bridgeable to Solana, opening new CEX and Solana‑layer liquidity channels. (chainwire.org) Protocol and corporate moves include BitDAO’s BIP‑21 consolidation into Mantle (transferring governance/treasury assets) and press reports that the combined treasury includes ~270k ETH and roughly $300M in stablecoin reserves. (binance.com) Market commentary ties the flow and interoperability catalysts to concentrated leveraged activity — reporting ~ $82M in leveraged futures trading and a $411k liquidation during the recent volatility window — indicating margin dynamics that can amplify MNT moves. (ainvest.com)
