Mantle (MNT), with an increase of 16.06 percent to the last 24 hours, exceeding the $ 1.30 threshold, carried its weekly earnings above 30 percent. Bitcoin by suppressing the risk appetite of US PPI data coming above the expectations during the rise in Altcoin $117,555.45He drew attention to the fact that he attracted $ 117,000 over $ 124,000. Ethereum during this period 
$4,405.37Solana and Cardano 
$0.911343 There have been significant losses in many leading Altcoin. Despite this weak picture that emerged MNT Coin With a double -digit rise, it was positive from the market.
Bybit EU announcement triggered the rally in Altcoin
Rally, on August 14, Bybit’s European branch Bybit EU MNTannounced the first launchpool containing Started. Users can assign MNT together with XION and USDC to get 100,000 XION award pools. The product in question Bybit As the first Mica -compatible stinging solution on the side, it emphasized the integration in the European market. Thus, MNT Coin’s circulation -based demand channel gained strength and the receiver interest increased.
On August 16, Mantle and Bybit announced two new usage areas and the rise moved to the weekend. Bybit EarnThe structured product called “Double Win” also targets MNT owners a return from two -way volatility, Crypto Content Creator Campus In collaboration with content producers will be able to buy and open vehicles with MNT.
Important price thresholds in Mantle’s graph
Mantle’s price While exceeding $ 1.30 Coinglass‘s liquidation map points to the accumulation of short positions exceeding $ 5 million in the $ 1,31–1.40 band. The clustering here corresponds to 93 percent of active short positions in the last week. This region stands out as a ceiling that sellers can try to suppress the upward movement. On the other hand, it is remarkable that long positions left behind the $ 5.74 million -dollar short cluster with $ 16 million.
The transaction volume side is also altcoinshows that interest continues to increase. CoinMarketcapAccording to data, the transaction volume of MNT in the last 24 hours increased by 15.7 percent to 654 million dollars. Thus, the volume rose to the highest level of the week.
If sellers cannot defend the band in question and a Short jam If triggered, the price can sail on and over $ 1.40. With more weak resistances, a strong rise can be raised for 2 dollars. On the contrary, the price holding the price above $ 1.30 may confront the MNT risk of withdrawing towards $ 1.20. In the short term, the level of $ 1.35 will be watched as the first exam level.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
