- MNT/USD has been a rising triangle since the end of 2023.
- Between 200,000 and 500,000 daily transactions registered.
- Defi drives 65% of the gas costs, market capitalization is almost $ 2.6 billion.
The MNT/USD trading savings will receive attention on crypto -markets when a potential outbreak is approaching.
Mantle, the Ethereum Layer-2 project behind the token, has formed an increasing triangular pattern on the price diagram since the end of 2023.
This setup usually indicates rising purchasing pressure and a threatening price movement.
Although resistance repeatedly retained at $ 1.35, higher lows have created a tighter range that, according to traders, could lead to an outbreak to $ 5.
Source: Mint market cap
In the meantime, Mantle’s basic principles, including a treasury of $ 3.8 billion and $ 67 million in annual turnover.
Breaking triangular pattern signals
Since the beginning of 2024, MNT/USD has steadily maintained a series of higher lows, so that the lower limit of an increasing triangular pattern is formed.
The upper resistance line, marked at $ 1.35, has seen various tests until 2024 and early 2025, but still has to be violated.
The market structure indicates consolidation, creating price compression conditions that are favorable for an outbreak.
A historic rally at the end of 2023 caused renewed market focus on the token, because a steep green bar meant a sharp vertical rise.
Since then, that level has acted as an important reference point for support and resistance zones.
Momentum has not been strong enough to surpass the $ 1.35 cap, but the support trend line has been kept consistently since the beginning of 2024.
Traders who follow the graph notice that if the support trend line breaks, the bullish structure could fail.
Until then, the pattern remains intact, with eyes on volume activity as a critical indicator for whether the outbreak is real or a false movement.
Mantle -Reserves achieved $ 3.8 billion
Beyond the graph, the Fundamentals of Mantle on-Chain de Bullish Setup have strengthened.
According to recent data, the project currently has $ 3.8 billion in reserves, making it the largest community in the community in the cryptocurrency sector.
These funds are held in liquid assets such as ETH and Stablecoins, which gives mantle considerable capital flexibility.
In addition, Mantle has generated $ 67 million in annual protocol income, while he returned $ 50 million to his user base.
This value flow emphasizes active participation of the community and emphasizes the sustainability of the project in a volatile sector.
The Mantle ecosystem continues to grow with a strong emphasis on capital efficiency and reliability of infrastructure.
65% of the gas used by Defi
Mantle has seen a steady acceptance in applications of decentralized finances (Defi), with Defi use accounting for 65% of the expenditure for gas costs.
Current network statistics show that daily transactions ranging between 200,000 and 500,000, which strengthens the idea that the project supports actively and consistently.
Analysts believe that this depth can support the price rating in the long term.
With a market capitalization of around $ 2.6 billion, Mantle is one of the more prominent Layer-2 solutions.
Continuous integration with Defi projects could push the transaction volume even higher, which contributes to persistent growth and increased tok speed.
Break above $ 0.86 goals $ 1
Although $ 1.35 remains the most important resistance, analysts also emphasize $ 0.86 as a short -term level.
Inviting this level can lead to a fast push to $ 1, given the psychological meaning and earlier trade behavior in this zone.
A confirmed outbreak beyond $ 1.35 would then open the door to a potential movement to $ 5, based on the measured movement from the base of the triangle.
Market participants follow the volume for confirmation.
If the outbreak is supported by a peak in buying activity, MNT/USD could enter a new rally phase.
Conversely, a breakdown under the trendline would shift the sentiment and delay any upward momentum.
