Overview

• MNT traded around $0.90 on August 6 after rallying more than 20% to reclaim the $0.82–$0.85 resistance zone alongside a near 300% jump in volume.
• Technical indicators show a bearish RSI divergence on the daily chart, suggesting the breakout could face a short-term pullback.
• Investor attention has shifted to the UR neobank beta test, which closes on August 8, as a potential catalyst for a push toward the $1 psychological threshold.
• The rally is underpinned by Mantle’s strong fundamentals, including a 101,867 ETH treasury allocation, a $400 million tokenized index fund launch, daily active addresses surging to over 120,000 and TVL climbing to $1.4 billion.
• Net inflows of $26.96 million over 30 days and inclusion on Coinbase’s listing roadmap reflect rising institutional and retail interest.