Mantle’s price action tells a compelling story of recovery this week, with MNT surging 16% to $1.226 after testing critical support near $0.86. The move comes as the protocol’s Total Value Locked reached $2.2 billion – a milestone that attracted both retail and institutional attention. Despite remaining 28.7% below its monthly high of $1.306, the cryptocurrency has convincingly broken through multiple resistance levels, kick-starting what appears to be a genuine trend reversal. The main question for traders is: can this momentum sustain as MNT approaches the psychological $1.30 resistance where December’s rally stalled?

Mantle’s native token MNT experienced a devastating drop this past month, shedding nearly 40% from its monthly high of $1.80 to current levels near $1.00. The collapse accelerated despite a flurry of institutional adoption news – including partnerships with Chainlink, DMZ Finance for the world’s first DFSA-approved tokenized money market fund, and custody integration with Anchorage Digital. What’s particularly striking is how these typically bullish catalysts failed to provide any floor for the price action, suggesting deeper structural issues at play. The main question for traders is: has MNT found a bottom after this 40% washout, or does the technical damage signal more pain ahead?

Mantle tests critical support at $0.98 as institutional partnerships fail to stem 38% monthly decline. Market structure shifts lower, with MNT hovering at $0.9854, down 38.2% from monthly highs. ADX at 29.24 signals genuine downtrend momentum building. Bulls defend $1.00 level but face resistance from $1.10 to $1.40.