MNT Price Breakout: Is the Rally Real or Another Fakeout? Strong Fundamentals Say Buy
MNT's price action has traders sweating—another breakout teeters on the edge of becoming a fakeout. But here's the kicker: fundamentals don't care about your stop-losses.
### The Bull Case Nobody's Talking About
While paperhands panic over wicks and retracements, the protocol's metrics scream accumulation. Daily active addresses? Up. Transaction volume? Not fading. Staking yields? Still juicy enough to make TradFi bond traders weep into their spreadsheets.
### The Elephant in the Room
Sure, leveraged longs just got liquidated—again. That's crypto's version of a public service announcement: maybe don't chase pumps when VIX-on-crack volatility is the house specialty.
Bottom line: This isn't some vaporware altcoin. Real adoption beats technical wobbles every time—even if Wall Street 'experts' still think MNT stands for 'Monetary Non-Trouble.'
Could this be a fakeout?
However, there are some signs that it might be a fakeout. The main concern is the bearish divergence that emerged on the RSI. As MNT price made a new local high above the previous peaks, the RSI failed to follow suit, printing a lower high instead.
What happens next will likely depend on how MNT behaves in the coming sessions. If the price consolidates above the $0.82–$0.85 zone, it would confirm that the breakout is being absorbed by buyers rather than rejected. In that scenario, the RSI could reset slightly without major price damage, paving the way for a MOVE towards the psychological $1 mark.
Mantle’s recent fundamental developments
Even though there are some technical warning signs, strong fundamental factors make this cycle promising for MNT’s price in the long term.
The late April launch of a $400 million tokenized crypto index fund with Securitize was a big step, bringing serious long-term investment to the project. Plus, there’s a clear revival in the network activity, with daily active addresses rising from below 40K in June to over 120K in July.
Additionally, Mantle recently joined the Strategic ETH Reserve with 101,867 ETH in treasury, making it the largest ETH-backed treasury amongst Web3 entities. This is potentially bullish for MNT token’s price because it gives Mantle the flexibility to fund ecosystem development and incentivize adoption.
Mantle is now listed on the Strategic ETH Reserve (SΞR).
As the largest ETH-backed treasury amongst Web3 entities, this reflects our conviction in ethereum — not just as infra, but as the monetary layer powering decentralization and on-chain finance.
Slowly, then all at once. https://t.co/9JSU3TNDCs pic.twitter.com/VQ6v5UgbAU
Finally, MNT’s recent addition to Coinbase’s listing roadmap is another bullish catalyst that could bring more investors moving forward.
