Bybit’s MiCA-Compliant Staking Launch Fuels Mantle’s 60% Monthly Rally Toward $1.40

Mantle (MNT) has demonstrated remarkable bullish momentum, climbing 4.47% in the past 24 hours to reach $1.28 and accumulating nearly 60% gains over the past month. This impressive performance has been significantly driven by institutional interest and growing staking demand, particularly following Bybit EU's strategic launch of a MiCA-regulated staking pool on August 14. The exchange's compliance with Europe's Markets in Crypto-Assets Regulation has provided institutional investors with enhanced confidence, catalyzing substantial fresh buying activity. Concurrently, whale accumulation patterns indicate strong belief in further price appreciation, with large holders positioning for additional upside. Technical indicators currently suggest overbought conditions, particularly with RSI-7 readings elevated, yet the price has maintained strong support above the $1.23 level. Market analysts are now closely watching the $1.40 resistance level as the next critical target for bulls. The combination of regulatory-compliant infrastructure through established exchanges like Bybit, coupled with genuine institutional participation, suggests this rally may have sustainable foundations rather than representing mere speculative froth. The broader market context of increasing cryptocurrency adoption and the growing importance of regulatory clarity in the European Union further supports Mantle's current trajectory, positioning it as a noteworthy asset in the evolving digital finance landscape.

Mantle Price Holds Above $1.23, Will Bulls Eye $1.40 Resistance?

Mantle (MNT) continues its bullish trajectory, surging 4.47% in the past 24 hours to $1.28. The token has rallied nearly 60% over the past month, fueled by institutional interest and staking demand. Bybit EU's MiCA-regulated staking pool launch on August 14 catalyzed fresh buying activity, while whale accumulation signaled confidence in further upside.

Technical indicators suggest overbought conditions with an RSI-7 reading of 71.9, yet bullish momentum persists as evidenced by the MACD histogram at +0.032. The $1.40 level remains critical resistance after capping gains on August 16. A decisive breakout could propel MNT toward $1.60, while failure to hold $1.23 may trigger profit-taking toward $1.12.

Bybit Launches 30,000 USDT Bitcoin Incentive for LATAM Users

Bybit, the world's second-largest crypto exchange by volume, is courting Latin American traders with a time-limited promotion. New and eligible users from nine countries can claim 15 USDT for their first Bitcoin purchase via the platform's P2P service.

The campaign, running through September 10, taps into Bybit's strategic push into emerging markets. Participants must buy at least 100 USDT worth of BTC to qualify for the reward coupon, redeemable against future P2P orders of equal value.

Eligibility hinges on residency in specified nations and completion of basic KYC checks. The exchange's Rewards Hub will distribute coupons within ten business days, with the total prize pool capped at 30,000 USDT.