Mantle Defies Market Drop With 31% Weekly Surge as RWA Adoption and USD1 Deal Drive Demand

[Redator]

Mantle (MNT) is bucking the broader market downturn, jumping 4% daily and 31% weekly to trade near $2.44 after printing a new all-time high at $2.47 (Oct. 7).

The catalyst stack is clear: Mantle unveiled a compliance-first Real-World Assets (RWA) “Tokenization-as-a-Service” suite at Token2049, positioning the L2 as one of the few ecosystems building institutional-grade RWA rails.

Momentum accelerated as World Liberty Financial confirmed its USD1 stablecoin, currently the #6 stablecoin with $2.6 billion cap, will launch on Mantle, a credibility boost for the network’s DeFi and payments footprint.

A deeper “Mantle × Bybit Roadmap” adds distribution as Bybit processes over $30 billion in daily volume, offering Mantle instant visibility to a global trading base.

Despite Profit-Taking, Volumes, Futures, and Liquidity Show Real Demand

Recently, Spot activity has exploded as daily volume climbed from $125M in early September to over $612 million, while market cap nearly doubled to $7.3 billion, lifting Mantle into the top 35. Derivatives confirm conviction, open interest rose 26% to $4.85 billion, and funding stayed positive for nearly two weeks.

On the chart, MNT invalidated a textbook bearish rising-wedge by breaking upward, then stacked short-term MAs above long-term, with a 50/200-day “golden cross” and a bullish MACD backdrop to match the narrative.

One yellow flag, “smart money” holdings slid 49% over 30 days to 18.1 million MNT (Nansen), implying selective profit-taking into strength. That doesn’t break the uptrend, but it does argue for disciplined risk management and attention to spot-led versus leverage-led pushes.

Key levels: Can Mantle (MNT) Clear $2.60 and Open a Path to $3?

Technically, MNT’s structure remains constructive. Immediate support sits near $2.00–$2.10 (watch the $2.09 gap); holding above keeps the higher-low sequence intact.

Overhead, $2.60 is the next inflection and a psychological line in the sand; a high-volume daily close above $2.60 would set up a measured move toward $2.85–$3.00.

Failure to reclaim $2.60 on rising volume raises the odds of a reset into the $2.20s, where bulls will try to defend momentum against the backdrop of a softer crypto tape.

Why it matters: RWAs are moving from narrative to implementation, and Mantle has planted a flag with compliance tooling, stablecoin depth (USD1), and CEX–L2 integration.

In a week where majors wobbled, MNT’s breakout underscores where capital is rotating: networks shipping product-market fit, liquidity on-ramps, and institutional-friendly primitives. If the RWA pipeline and USD1 liquidity arrive on schedule, Mantle’s bid to sustain price discovery above ATHs remains open.

Cover image from ChatGPT, MNTUSD chart from Tradingview