Bybit’s MiCA-Compliant Staking Launch Fuels Mantle (MNT) 100% Rally Amid Market Downturn

Despite broader market weakness triggered by hotter-than-expected U.S. PPI data, Mantle (MNT) has surged over 100% in the past month, reaching above $1.30. The rally was significantly boosted by the launch of MiCA-compliant staking on Bybit, which ignited a 30% surge within 48 hours and propelled trading volume to $599.3 million. Technical indicators suggest growing momentum as MNT tests the $1.40 resistance level, with $5 million in short positions indicating potential for a breakout towards $2.

Mantle (MNT) Surges Over 100% Amid Market Weakness, Eyes $2 Breakout

Mantle (MNT) defied broader market weakness with a 100%-117% monthly rally, surpassing $1.30 despite crypto-wide corrections triggered by hotter-than-expected U.S. PPI data. The MiCA-compliant staking launch on Bybit ignited a 30% 48-hour surge, propelling trading volume to $599.3 million.

Technical momentum builds as MNT tests the $1.40 resistance level, with $5 million in short positions suggesting breakout potential. A decisive MOVE above this threshold could open a path toward $2, cementing Mantle's position as one of crypto's top performers this quarter.